Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.textileworld.com/partners/Sr_Sales_Representative_Bolger_and_OHearn_Inc?override_sig=6d134c277189eb53ad63648042f76d28&override_token=b65bbcb705ed6642a8800553cd8f0acf
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.LookChina.com
http://www.allstatestextile.com
http://www.textileservicesonline.com
http://www.textileworld.com/forms/mediakit.html
Textile World Photo Galleries
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Advanced Nonwovens Training Course
10/28/2014 - 10/30/2014

73rd ICAC Plenary Meeting
11/02/2014 - 11/07/2014

Grading For Fit
11/03/2014 - 11/05/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

WestPoint Stevens Announces Stock Repurchase

WestPoint Stevens Inc., West Point, Ga., has announced that its board of directors has approved the repurchase of up to 4 billion additional shares of the companys common stock. This brings the total aggregate number of shares remaining to be repurchased under the existing stock repurchase program to approximately 6.4 million shares or 12 percent of the 55 million outstanding shares. The repurchases shares will be acquired for general corporate purposes.WestPoint Stevens also reached an agreement with its bank lenders to amend the companys bank revolver to permit the company to use up to $100 million of available funds in support of the expanded stock repurchase program. The board of directors has authorized the repurchase of these shares because it believes the stock to be an attractive investment at this time. The company continues to enjoy substantial growth in its home fashion business, and we remain positive about the outlook for the future, said Holcombe T. Green Jr., chairman and CEO, WestPoint Stevens.The company also announced that its board of directors approved the companys filing an application to list the companys common stock on the New York Stock Exchange.


November 1999




Advertisement