Perry Ellis OKs new $20 million stock buyback program |
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Published
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Fri, 30 Nov 2007 21:22
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NEW YORK (Thomson Financial) - Perry Ellis International said it has OK'd a new program to buy back up to $20 million worth of its common stock.The buybacks will be funded using cash balances and available credit facilities.Shares of the Miami-based designer, distributor and licensor of apparel, accessories and fragrances were down 2.1% at $15.21, and hit a 13-month low of $14.83 in intraday trading.Tomi Kilgoretk1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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NASDAQ
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IBM
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Perry Ellis 3Q revenue, net income rise as company lowers 2008 forecast 