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Ahold share buyback program reaches milestone
ZAANDAM, Netherlands — Dutch supermarket operator Royal Ahold has bought back more than a quarter of the shares it intends to as part of a share-repurchase program announced earlier this year.
The company said Monday that it had bought back 2.23 million for $38.8 million. The purchases are part of the $678 million buyback program announced in February and increased by $2.03 billion in June.
The total amount repurchased so far is 42.8 million shares, for a total price of $711.9 million.
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Family Dollar opens store No. 8,000
LANCASTER, S.C. — Family Dollar last week opened its 8,000th store here, the company announced.
"Lancaster is proud to have been selected as the site of Family Dollar's 8,000th store," stated Joe Shaw, Lancaster's mayor. "We look forward to partnering with Family Dollar to meet the retail needs of our citizens."
"We have over 200 stores in South Carolina, so it certainly is a great fit for us to open this landmark store in the state," commented Howard Levine, Family Dollar chairman and CEO.