Oakley Board OKs Stock Repurchase Plan
Dow Jones
Oakley Inc.’s board approved the repurchase of up to $20 million in shares from time to time in the open market, the Foothill Ranch sunglasses maker said Monday.
The stock moved up $1 a share to $16 on the New York Stock Exchange. The shares have nearly tripled this year, but have retreated from their 52-week high of $22.50 on Nov. 6.
Oakley said it has 69.4 million shares outstanding.
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