Avatar Holdings (AVTR) Announces $30 Million Buyback Program
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Avatar Holdings Inc. (Nasdaq: AVTR) authorization to repurchase its 4.50% Convertible Senior Notes and shares of its Common Stock. The Company may expend up to approximately $30 million, including the approximate $1.9 million previous authorization, to effect purchases from time to time in the open market, through privately negotiated transactions or otherwise, depending on market and business conditions and other factors.
Avatar Holdings Inc. is engaged in the business of real estate operations in Florida and Arizona.[SM]
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