Pursuits
Nike to Spend $8 Billion Buying Back Shares Over 4 Years
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Nike Inc., the world’s largest maker of sporting goods, announced an $8 billion, four-year program to repurchase shares of its class B common stock.
The company has a $5 billion share-buying authorization that will be completed during the fiscal second quarter of 2013, the Beaverton, Oregon-based Nike said in a statement. Nike announced the current four-year program in September 2008.