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Royal Caribbean Cruises finishes $200M accelerated buyback

Nov. 24, 2015 6:38 PM ETRoyal Caribbean Cruises Ltd. (RCL) StockBy: Jason Aycock, SA News Editor2 Comments
  • Royal Caribbean Cruises (NYSE:RCL -3.1%) has wrapped a $200M accelerated buyback program it started Oct. 23.
  • In the program, it repurchased a total of just over 2.103M shares of common stock at a per-share price of $95.0892. Shares closed at $92.02 today.
  • The accelerated program was part of a $500M buyback authorization; the company expects to complete the remaining $300M by the end of 2016.
  • During the course of the program, RCL shares fell 2.8%. They're up 1% after hours.

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