Timberland Announces Authorization of an Additional Six Million Share Repurchase Program
March 10 2008 - 4:30PM
Business Wire
The Timberland Company today announced that its Board of Directors
has authorized the repurchase of up to an additional six million
shares of the Company's Class A Common Stock. This additional
program supplements the Company's current six million share
authorization, of which approximately one million shares remained
outstanding at the end of 2007. As with the existing program, this
program will be conducted from time to time, at the discretion of
management, and as market and business conditions may warrant. The
Company may use Rule 10b5-1 plans to facilitate share repurchases.
Timberland (NYSE: TBL) is a global leader in the design,
engineering and marketing of premium-quality footwear, apparel and
accessories for consumers who value the outdoors and their time in
it. Timberland markets products under the Timberland�, Timberland
PRO�, SmartWool�, Timberland Boot Company�, Mi?n�, GoLite�, IPATH�
and Howies� brands, all of which offer quality workmanship and
detailing and are built to withstand the elements of nature. The
Company�s products can be found in leading department and specialty
stores as well as Timberland� retail stores throughout North
America, Europe, Asia, Latin America, South Africa and the Middle
East. More information about Timberland is available in the
Company�s reports filed with the Securities and Exchange Commission
(SEC).
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