Edition:
India

Lululemon Athletica Announces Repurchase Of 1 Mln Shares From Advent International


Friday, 29 Mar 2019 

March 28 (Reuters) - Lululemon Athletica Inc ::LULULEMON ATHLETICA INC. ANNOUNCES REPURCHASE OF ONE MILLION SHARES FROM ADVENT INTERNATIONAL CORPORATION.LULULEMON ATHLETICA INC - FOLLOWING THIS TRANSACTION THERE WILL BE $337 MILLION REMAINING ON COMPANY'S SHARE REPURCHASE AUTHORIZATIONS.LULULEMON ATHLETICA INC - SHARES WILL BE REPURCHASED UNDER COMPANY'S $500 MILLION SHARE REPURCHASE AUTHORIZATION AND FUNDED WITH CASH ON HAND.LULULEMON ATHLETICA INC - ADVENT HAS ALSO INFORMED LULULEMON THAT IT HAS SOLD AN ADDITIONAL FOUR MILLION SHARES OF COMPANY'S COMMON STOCK.LULULEMON ATHLETICA INC - PRIOR TO SALES, ADVENT OWNED APPROXIMATELY 10.1 MILLION SHARES OF LULULEMON COMMON STOCK.