- Shares of Dollar Tree (DLTR) move up 2.1% AH after the board authorizes the repurchase of up to $2B in common stock.
- In conjunction, the company initiated a $1B variable maturity accelerated share repurchase program.
- The program will be financed by a $750M private placement of senior notes with 3 tranches ranging from 4.03%-4.78% and maturing between 2020 and 2025 as well as $250M in cash.
Dollar Tree up 2.1% AH after announcing $2B share buyback authorization
Sep 17 2013, 17:29 ET