Overstock.com (OSTK) Announces $20M Stock Buyback
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Overstock.com, Inc. (Nasdaq: OSTK) today announced that its Board of Directors has authorized a $20 million two-year repurchase program which will allow Overstock.com to buyback shares of its common stock and/or its Convertible Senior Notes. The shares may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors, including blackout periods imposed by Overstock.com, during which the Company prohibits its insiders and employees from trading in the Company's stock.
Overstock.com, Inc. operates as an online retailer that offer discount brand name merchandise for sale primarily over the Internet.
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