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Bed Bath & Beyond Surges 91% Amid Accelerated Buyback Plan
Photographer: Andrew Harrer/Bloomberg
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Bed Bath & Beyond Inc. soared in late trading on Tuesday after announcing accelerated share buybacks and the launch of a new digital marketplace for merchandise from third-party producers.
The company said it expects to complete its $1 billion share repurchase plan by the end of its fiscal year in February -- two years ahead of schedule. There is $400 million of buybacks remaining in the program.