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Stock impact report

Tanger Announces $125,000,000 Share Repurchase Plan

Tanger Inc. (SKT) 
Last tanger inc. earnings: 10/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.tangeroutlet.com
Company Research Source: PR Newswire
GREENSBORO, N.C., May 19, 2017 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) ("Tanger" or the "Company") announced today the authorization of a $125 million share repurchase plan and the sale of Tanger's outlet center located in Westbrook, Connecticut.      Today the Company's Board of Directors authorized the repurchase of up to $125 million of Tanger's outstanding common shares over the next 24 months as market conditions warrant.  Repurchases may be made through open market, privately-negotiated, structured or derivative transactions (including accelerated stock repurchase transactions), or other methods of acquiring shares. The Company intends to structure open market purchases to occur within pricing and volume requirements of Rule 10b-18.  The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate repurchase of its shares under this authorization. In keeping with the Company's long-standing practice of pruning its portfolio and recycling cap Show less Read more
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