The Timberland Company (NYSE: TBL) today announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company’s Class A Common Stock.
This additional program supplements the company’s current six million share authorization, of which approximately one million shares remained outstanding at the end of 2007. As with the existing program, this program will be conducted from time to time, at the discretion of management, and as market and business conditions may warrant. The company may use Rule 10b5-1 plans to facilitate share repurchases.
About Timberland
Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. The Company’s products can be found in leading department and specialty stores as well as Timberland® retail stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East.
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