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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:15 EDTGNCGNC Holdings increases share repurchase authorization to $500M
GNC Holdings announced its board has authorized a multi-year program to repurchase up to an aggregate $500M of the company's class A common stock. The authorization is effective immediately, and replaces the company's previous authorization which had approximately $250M remaining. The company may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing. The repurchases are expected to take place over the next 24 months with the amount and timing determined by the company based on its financial condition, business opportunities and the market conditions at the time.
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