Airline to buy back up to $250 mil. of stock
Friday, Sept. 24, 1999 | 10:53 a.m.
DALLAS -- Southwest Airlines Co. said Thursday it will repurchase up to $250 million in common shares.
Southwest said that based on Wednesday's closing price of $14.62 1/2 a share, the company will buy back about 17.1 million shares. The Dallas company has about 504.2 million shares outstanding.
The repurchases will be made on the open market or through private transactions, the company said.
Southwest is the largest carrier at Las Vegas's McCarran International Airport.
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