Signet Jewelers Ltd Buyback
OLI recorded this information on 6/18/2013
Signet Jewelers Ltd
Signet Jewelers Ltd ("Signet" or the "Company") (NYSE: SIG) (LSE: SIG), today announced that its Board of Directors has authorized a program to repurchase up to $350 million of Signet's common shares (the "Program"). The repurchase program will be funded through the Company's existing cash reserves and liquidity sources. Repurchased shares may be used by the Company for general corporate purposes. Repurchases may be made from time to time in the open market, through block trades or otherwise. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion, and will be subject to economic and market conditions, stock prices, applicable legal requirements and other factors. The Program may be commenced, suspended or discontinued at any time without notice.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates stores and kiosks in the U.S., U.K. and Canada. Co. has three reportable segments: North America, International and Other. The North America reportable segment operates across the U.S. and Canada. Its U.S. stores operate nationally in malls and off-mall locations. The International reportable segment operates stores in the U.K., Republic of Ireland and Channel Islands. The Other reportable segment consists of non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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Hold (2.25 out of 4)