Simon authorizes buying back $1B of its stock

July 27, 2007
Indianapolis-based Simon Property Group Inc. announced today that the company's board has approved a buyback plan for up to $1 billion in common stock. The company said it may purchase the stock over the next two years on the open market or in negotiated transactions.

Shares were up slightly on the news, to $87.87.
Source: XMLFULL/XMLFull3337.xml

Recent Articles by IBJ Staff

Comments powered by Disqus