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TJX Authorizes Stock Buyback of Up to $1 Billion in Stock

Reuters
Friday, 2 Feb 2007 | 11:10 AM ET

TJX, which owns clothing discounters T.J. Maxx and Marshalls, said on Friday that it authorized a new program to repurchase up to $1 billion of its common stock.

The retail company said that at current prices, the new program would represent about 7.5% of its outstanding common shares.

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