Gymboree's board authorizes $100 million stock buy back
San Francisco Gymboree Corp. received approval to buy back $100 million worth of its common stock.
At current prices, that equals about 8% of common shares.
Reuters reported that the repurchase period ends June 8, 2011.
Gymboree completed a $40 million stock repurchase on May 24. As of May 1, the company has $270.7 million in cash and cash equivalents.