KEYW (KEYW) Authorozes 2M Common Buyback

December 7, 2011 4:08 PM EST
The KEYW Holding Corporation (Nasdaq: KEYW) announces that the Board of Directors has approved the repurchase of up to 2 million of its outstanding shares of common stock. Under the program, KEYW is authorized to repurchase shares over the next 12 months in open market or privately negotiated transactions, depending on prevailing market conditions and other factors. KEYW plans to use a combination of cash and debt, under its existing credit facility, to repurchase shares, at management's discretion. The repurchase program may be suspended or discontinued at any time. KEYW intends to complete any transactions under this program in accordance with the Security and Exchange Commission's Safe Harbor Rules for corporate stock repurchases.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Stock Buybacks