GameStop board OKs repurchase of up to $100 million floaters, senior notes

By Jennifer Chiou

New York, May 18 - GameStop Corp. said its board authorized the buyback of up to $100 million of its and GameStop, Inc.'s $300 million of senior floating-rate notes due 2011 and $650 million of 8% senior notes due 2012.

The company said its management will determine the timing and amounts based on market conditions.

Grapevine, Texas-based GameStop is a video game and entertainment software retailer.

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