GameStop Announces $300 Million Stock Buy-back Program

GameStop today announced a new "capital allocation strategy," which includes a $300 million stock buy-back program. GameStop explained: "The plan will provide ample investment capital for continued aggressive new store expansion worldwide and allow GameStop to enhance shareholder value through a $300 million share repurchase program approved by its Board of Directors today. Purchases will be executed according to market conditions. The impact of the entire $300 million buyback at today's share price would result in accretion to EPS of approximately 10%."

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