GameStop Authorizes Additional Debt and Equity Repurchase Plan

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GameStopGameStop has decided that its stock is undervalued. Together with the fact that the game retailer has cash lying around after the holiday season, GameStop has decided to enact a new $500 million share and debt repurchase program. GameStop already had a $300 million share repurchase program in place, of which $138.4 million remain. The $500 million authorization means that GameStop now has $638.4 million to repurchase stock and Senior Notes over the next 18 months.

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This page contains a single entry by Editor published on February 4, 2011 9:30 AM.

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