The Limited, Inc. announced a tender offer to purchase up to 15,000,000 shares of its common stock at prices between $50.00 and $55.00 per share. The offer is part of a strategy to use excess cash for share repurchase, demonstrating confidence in the business. The offer is structured as a 'Dutch auction' and is not conditioned on a minimum number of shares being tendered. The document includes details on the offer process, conditions, and instructions for shareholders, including those with shares in the Savings and Retirement Plan. The document also mentions the spin-off of Limited Too and the sale of a majority interest in Galyan's Trading Co. to Freeman Spogli & Co.
documents/EFTA01003882.pdf
{}