Deckers Outdoor (DECK) Will Not Actively Pursue Sale of the Entire Company, Approves $400M Buyback
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Deckers Brands Announces $400 Million Stock Repurchase Authority and Concludes Review of Potential Sale
October 26, 2017 4:04 PM EDTGOLETA, Calif.--(BUSINESS WIRE)-- Deckers Brands (NYSE: DECK), a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, announced today that its Board of Directors has authorized a new $335 million stock repurchase program, in addition to the $65 million remaining under Deckers current authorization, for a total of $400 million. This represents approximately 20% of the current market capitalization. Deckers also today announced the completion of its review of a potential sale of the company. The Board remains open to considering strategic and financial alternatives as part of its ongoing efforts to... More
