[ترايدر]

jcp

==========
JCP: Announces $1 Billion Repurchase of Stock and Debt
Monday , March 21, 2005 07:11 ET
اعلنت الشركة في يوم الاثنين الموافق 21-3-2005م انها ستدفع 1 بليون على اعادة شراء اسهمها وديونها --------------------------
حيث خصص مجلس ادارة الشركة مبلغ 750 مليون لإعادة شراء اسهمها العادية ومبلغ 250 مليون لاعادة شراء ديونها من السوق (السندات) التي انتهت في مارس 2005م . وسيكون تنفيذ برنامج الشركه خلال هذا العام .
J. C. Penney Company, Inc. (JCP) announced that its Board of Directors has approved a new $1 billion capital structure repositioning program. The new program is to be funded with approximately $600 million of free cash flow generated in 2004 and $400 million previously allocated to the early retirement of the 7.4% Debentures due 2037. The 2037 Debentures contained a put option that expired March 1, 2005, with virtually all of the debentures remaining outstanding. The program consists of $750 million of common stock repurchases and $250 million of open-market debt repurchases, and is expected to be completed by the end of the year.
===============تحياتي ترايدر