TJX plans $1 billion stock buyback program
February 4, 2008 11:31 AM
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The TJX Cos., which operates discount stores including T.J. Maxx and Marshalls, today approved a share repurchase program of up to $1 billion.
At current prices, that represents about 7.5 percent of stock, the company said.
The authorization is in addition to the $486 million remaining under the company's current buyback program.
Since 1997, TJX, which is based in Framingham, has spent $5.8 billion buying back about 342 million shares. (AP)
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