The Timberland Company announced that its board of directors authorized the repurchase of up to an additional six million shares of the company's Class A common stock.
The program supplements a 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.
