Nymagic to buy back up to $12.75 mln of common shares

Tue Nov 20, 2007 2:52pm EST
 
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Nov 20 (Reuters) - Insurance holding company Nymagic Inc (NYM.N) said it will buy back up to $12.75 million of its common shares under its existing stock repurchase plan.

The repurchase is expected over the next 12 months and will be funded from cash in hand, the company said in a statement. (Reporting by Nachiket Kelkar in Bangalore; Editing by Pratish Narayanan)

 

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