BB&T Corporation (NASDAQ:BBBY) Files An 8-K Other Events

ME Staff 8-k
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BB&T Corporation (NASDAQ:BBBY) Files An 8-K Other Events
ITEM 8.01

Other Events
BB&T Corporation (“BB&T”) today announced a $200 million increase to its 2016-2017 common stock repurchases. BB&T expects to implement the additional $200 million in repurchases through an accelerated share repurchase agreement (“ASR”) prior to the end of 2016. This amount is in addition to the $640 million in share repurchases authorized by BB&T’s Board of Directors and announced in connection with the company’s 2016 planned capital actions earlier this year.
BB&T’s Board of Directors approved the increase following receipt of a non-objection from the Board of Governors of the Federal Reserve System.
The ASR will be entered into as part of the company’s existing 2015 Share Repurchase Plan, which has approximately 46 million shares remaining as of September 30, 2016. Under the terms of the ASR, the repurchases will commence in 2016 and are expected to be completed in early 2017. The total number of shares repurchased will be based on the company’s volume-weighted average stock price, less a discount, during the term of the ASR.
BB&T has repurchased 4.1 million shares of its common stock this quarter under its previously announced share repurchase program.

About BB&T Corporation (NASDAQ:BBBY)

Bed Bath & Beyond Inc. is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Company operates in two segments: North American Retail and Institutional Sales. The Company sells a range of domestics merchandise and home furnishings. Domestics merchandise includes categories, such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and juvenile products. The Company operates approximately 1,530 stores plus its various Websites, other interactive platforms and distribution facilities.

BB&T Corporation (NASDAQ:BBBY) Recent Trading Information

BB&T Corporation (NASDAQ:BBBY) closed its last trading session down -0.89 at 46.20 with 3,401,489 shares trading hands.