Quiksilver Board OKs Stock Repurchase

Quiksilver Inc.’s board authorized the apparel company to repurchase up to 500,000 shares of common stock during the next 12 months. The company said the repurchases will be funded from existing cash, internally generated funds or short-term debt.

The repurchased shares may be used in connection with the company’s stock option program and for other general corporate purposes, including acquisitions, the company said.