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L Brands is repurchasing 10 million of the available shares, per the company, at a price of $73.01 per share, which amounts to $730 million for Wexner, before taxes. The remaining 20 million shares will be sold for $74.50 each, for nearly $1.5 billion pre-tax. Accounting for estimated capital gains taxes, Wexner and his wife, Abigail, will walk away with nearly $1.7 billion.
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