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Edgewater Technology Inc Announces $7.0 Million Extension Of Stock Repurchase Program


Thursday, 19 Sep 2013 08:30am EDT 

Edgewater Technology, Inc announced that its Board of Directors has approved an extension of the company's stock repurchase program (the "Repurchase Program") to September 19, 2014 (the "Extended Repurchase Program"). The Repurchase Program, which was originally announced in December 2007 and subsequently amended, allowed for the repurchase of up to $16.1 million of the company's common stock. The Extended Repurchase Program will increase the amount of the repurchase authorization by $7.0 million, from $16.1 million to $23.1 million. To date, Edgewater has repurchased approximately $13.1 million of its shares, leaving a remaining authorization of approximately $10.0 million. 

Company Quote

6.75
-0.05 -0.74%
2:00pm EDT