RealD (RLD) Adds $25M to Buyback Plan
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RealD (NYSE: RLD) announced that its Board of Directors has approved a $25 million increase in the Company’s stock repurchase program, increasing the $50 million stock repurchase program announced in April 2012 to $75 million.
“The expansion of our stock repurchase authorization demonstrates our confidence in RealD’s future and our commitment to maximizing shareholder value," said Michael V. Lewis, Chairman and Chief Executive Officer of RealD.
As of December 14, 2012, the Company had repurchased approximately 4.7 million shares for approximately $46 million. The Company has approximately 50 million shares of common stock outstanding.
“The expansion of our stock repurchase authorization demonstrates our confidence in RealD’s future and our commitment to maximizing shareholder value," said Michael V. Lewis, Chairman and Chief Executive Officer of RealD.
As of December 14, 2012, the Company had repurchased approximately 4.7 million shares for approximately $46 million. The Company has approximately 50 million shares of common stock outstanding.
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