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UAA - Under Armour announces $500M share repurchase program
Under Armour Inc. Class A
Under Armour (UAA) to repurchase up to $500M of outstanding Class C common stock, effective immediately. "We believe this share buyback program provides an excellent opportunity to deploy cash and enhance shareholder value without compromising the financial flexibility necessary to continue investing in key higher-growth opportunities," said Under Armour President and CEO Patrik Frisk. UAA +2% after hours to $16.09 Source: Press Release