Phase Forward (PFWD) Announces $40M Share Buyback
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Phase Forward Incorporated (NASDAQ: PFWD) announced today that its board of directors has authorized the repurchase of up to $40.0 million of its common stock over the next twelve months.
Under the program Phase Forward may repurchase shares from time to time at prevailing prices in the open market or in negotiated transactions off the market. The Company expects to use cash on hand and cash generated from future operations to fund repurchases of its common stock.
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