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Pacific Sunwear OKs $50 million stock buyback plan



By AP
10 July 2008 @ 08:00 am EST

ANAHEIM, Calif. - Retailer Pacific Sunwear of California Inc. said Thursday its board authorized a plan to buy back up to an additional $50 million in stock from time to time.

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During fiscal 2008, the company bought back 5 million shares at an average price of $10.05 per share for about $50.5 million.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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