Gildan Activewear Upsizes Share Repurchase Program

MT Newswires Live05-30

Gildan Activewear (GIL) said Wednesday it is nearly doubling the size of a share buyback program it launched last year.

Under an amended repurchase program, the company intends to buy back up to about 17.1 million shares of its common stock, or 10% of its public float, up from a maximum of 8.8 million shares it announced last year.

The buyback is set to end Aug. 8.

Price: 36.11, Change: -0.01, Percent Change: -0.04

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