Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear...

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear giant said late yesterday, joining CVS Caremark in announcing a major repurchase program. Nike will commence the scheme once it completes an existing $5B program in FQ2 2013; over the past decade, the company has repurchased $10B worth of shares. (PR)