Polo, Ralph Lauren (RL) Message Board

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Non-Tech : Polo, Ralph Lauren (RL)

RL 314.44

-1.7%

11:56 AM EST

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To: mph who wrote (150)	3/12/1998 6:15:00 PM
From: Dale Geffrey	Read Replies (1) of 169

Thursday March 12, 2:16 pm Eastern Time Polo Ralph Lauren to buy back common stock NEW YORK, March 12 (Reuters) - Polo Ralph Lauren Corp said its board has authorized the repurchase of up to $100 million of its shares of Class A common stock. The purchases will be made from time to time in the open market over a two-year period, beginning April 1. Shares acquired under the repurchase program will be used for stock option programs and for other corporate purposes, according to the company. Polo Ralph Lauren said it will finance the share repurchases using its cash and bank credit facilities. The stock climbed 1-1/8 to 30-1/4 on the news Thursday.

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