Liz Claiborne Inc., which makes fashion apparel and accessories, said Thursday its board authorized the repurchase of $150 million worth of stock, above the existing repurchase program, Reuters reported.
The New York company said it has $71 million remaining on its prior stock buy-back. The total authorization of share buy- backs is $1.675 billion.
The company has already purchased 42.3 million common shares under the current program.
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