Crocs Inc announced that its Board of Directors approved an authorization to repurchase up to 1 million shares of its common stock, effective immediately. Share repurchases under this authorization may be made in the open market or in privately negotiated transactions.
The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.
The repurchase authorization does not have an expiration date and does not obligate Crocs to acquire any particular amount of shares of its common stock. The repurchase authorization may be modified, suspended or discontinued at any time.
Crocs Inc is a rapidly growing designer, manufacturer and retailer of footwear for men, women and children under the Crocs brand. |
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