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Tiffany: shares repurchased during second quarter

New York-based Tiffany & Co. repurchased 190,000 common shares for about US$ 5.4 million during its second quarter ended July 31. The shares were purchased at an average price of US$ 28.73 a share. In…

New York-based Tiffany & Co. repurchased 190,000 common shares for about US$ 5.4 million during its second quarter ended July 31. The shares were purchased at an average price of US$ 28.73 a share. In November 1997, the company“s board authorized the repurchase of US$ 100 million of common stock over three years. Tiffany said it has repurchased a total of about 4.5 million shares for US$ 49.9 million, for an average price of US$ 11.13 a share. At July 31, the company had 145.2 million shares outstanding. Tiffany sells jewelry, silver, china, watches, crystal and other luxury items through about 130 stores.

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