The company plans to return nearly $2 billion to shareholders to “stave off investor unrest.”
The company plans to return nearly $2 billion to shareholders to “stave off investor unrest.”
It will start the three-year buyback in the fourth quarter and fund it from cash flow, the publication reported. Shares were up by 4.8 percent on the news.
The strategy arrives as Nike Inc. continues to thrive and Under Armour’s U.S. sales have surpassed those of Adidas. The company’s North American headquarters are based in Portland.
Read more at Portland Business Journal
