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Wal-Mart Stores to repurchase $15 billion shares
BENTONVILLE, Ark. — Wal-Mart Stores's board of directors has approved a new program authorizing the company to repurchase $15 billion of its shares, the company announced at its 41st annual meeting of shareholders Friday. This program replaces the previous $15 billion program, announced on June 4, 2010, that had approximately $2 billion of remaining authorization. Under the program, repurchased shares are constructively retired and returned to unissued status.
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Casey’s to purchase 22 stores in Iowa
Ankeny, Iowa -- Casey’s General Stores and Kum & Go announced that they have signed a definitive purchase agreement for Casey’s to acquire 22 convenience stores from Kum & Go.
The stores, all of which are located in Iowan, will be immediately rebranded to Casey’s once the transaction is completed.