Lowes (LOW) Approves New $5B Buyback Plan
Lowes Cos. (NYSE: LOW) has authorized the repurchase of up to $5 billion of the company’s common stock. The remaining prior authorization was simultaneously terminated. Although this new repurchase authorization has no expiration date, the company expects to use the full amount over the next two years. The repurchases will be subject to market conditions and will be made from time to time either in the open market or through off market private transactions in accordance with the requirements of the Securities and Exchange Commission. The company’s repurchase program may be suspended, discontinued or resumed at any time.