Deckers Brands announces $400 mln repurchase authority

Friday, 27 Oct 2017 

Oct 26 (Reuters) - Deckers Outdoor Corp :Deckers Brands announces $400 million stock repurchase authority and concludes review of potential sale.Deckers Outdoor Corp - ‍has authorized a new $335 million stock repurchase program, in addition to $65 million remaining under Deckers' current authorization​.Deckers Outdoor - ‍board remains open to considering strategic and financial alternatives as part of its ongoing efforts to enhance stockholder value.Deckers Outdoor Corp - ‍ board "will not actively pursue a sale of entire company at this time".Deckers Outdoor Corp - ‍expect to complete full $400 million of repurchases by year-end fiscal 2020​.Deckers Outdoor Corp - targeting completing approximately $100 million worth of repurchases prior to end of March 2018​.Deckers Outdoor Corp - ‍in fiscal year 2018, Deckers expects to improve profitability by over $20 million​.Deckers Outdoor Corp - ‍board of directors undertook a thorough and wide-ranging process to consider potential interest in an acquisition of Deckers​.Deckers Outdoor Corp - contacted 90 potential acquirers, including strategic and financial parties but this effort did not result in a transaction.. 

Company Quote

-1.81 -1.31%
20 Sep 2019