BUZZ-American Eagle Outfitters rises on share repurchase plan

Reuters
03-17
BUZZ-American Eagle Outfitters rises on share repurchase plan

** Apparel company American Eagle Outfitters' AEO.N shares up 6.7% at $11.76 premarket

** Co announces $200 million accelerated share repurchase program

** Says this equates to about 19.1 million shares, representing about 9.5% of the co's fully diluted outstanding stock, at the closing price on March 14

** Adds that it intends to complete the repurchase program in connection with the existing repurchase authorization of 68.5 million shares

** AEO stock had fallen 33.65% YTD as of last close

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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