AOL (AOL) Moves Higher on $400M Modified 'Dutch Auction' Tender

June 28, 2012 8:11 AM EDT
AOL, Inc. (NYSE: AOL) shares are up ahead of the bell following an announcement that its commencing a $400 modified “Dutch auction” tender offer to repurchase shares of its common stock.

For more color on the tender offer, click here.

Shares are up over 3 percent in early trading.

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