K-Swiss board authorizes $70 million stock buyback

AP News
Posted: Nov 11, 2009 8:03 AM

Athletic shoe and apparel company K-Swiss Inc. on Wednesday said its board authorized a new program to buy back up to $70 million in stock.

The program replaces the company's existing 2004 buyback plan for up to 5 million shares, which expires on Dec. 31.

The company may purchase up to $70 million of its Class A stock through Dec. 31, 2014.

K-Swiss shares finished Tuesday's trading at $8.24.