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Dollar Tree Stores, Inc. said on Thursday that its board has authorized the repurchase of an additional $500 million of its common stock.

The nation's leading operator of single-price point dollar stores said about $99 million remains under a November 2006 authorization, bringing the total available for share repurchases to $599 million.

The dollar store operator said it will buy back stock on the open market or in private transactions.

Dollar Tree operates 3,334 stores in 48 states.

 

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Last modified: February 03, 2012