Tiffany & Co. (TIF) said Thursday that its Board of Directors has extended the expiration date of the company's share repurchase program by one year.
The existing program, which was approved in January 2011 with an authorization to repurchase up to $400 million of the company's Common Stock, was scheduled to expire on January 31, 2013.
The expiration date is now extended to January 31, 2014 and about $164 million remains available for share repurchases under this authorization.
The company said it is not currently purchasing shares but management may resume repurchases at any time in its discretion.
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