After-Hours Movers: Coach (COH) and Anadarko Petroleum (APC) Up on Share Buyback Announcements

August 25, 2008 5:50 PM EDT

StreetInsider.com After-Hours Movers:

Radian Group Inc. (NYSE: RDN) 4% HIGHER; Radian Guaranty a subsidiary of Radian Group Inc., announced that the company has increased its field sales force by about 30% to date.

Coach, Inc. (NYSE: COH) 3.6% HIGHER; announced that its Board of Directors has authorized the repurchase of up to $1 billion of its outstanding common stock by June 26, 2010.

Anadarko Petroleum Corporation (NYSE: APC) 2.2% HIGHER; authorized a share repurchase program of up to $5 billion. At the current trading price, this amount represents approximately 18% of the company's outstanding common shares. Share repurchases will be funded with free cash flow generated by the company's operations.

Take-Two Interactive Software, Inc. (Nasdaq: TTWO) 1% HIGHER; On August 25, 2008, Electronic Arts Inc. (Nasdaq: ERTS) and Take-Two Interactive Software entered into the confidentiality agreement contemplated by the letter of August 17, 2008 from Strauss Zelnick, Executive Chairman of the Board of Directors of Take-Two to John Riccitiello, Chief Executive Officer of EA, and the letter of August 18 from Mr. Riccitiello to Mr. Zelnick.

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