Taomee (TAOM) Authorizes $10M ADS Buyback
Tweet
Share
E-mailGet Alerts TAOM Hot Sheet
Join SI Premium – FREE
Taomee Holdings Limited (NYSE: TAOM) has approved a share repurchase plan on November 22, 2011, effective upon the approval.
Under the plan, Taomee is authorized, but not obligated, to repurchase, through open market purchase or privately negotiated transactions, up to US$10 million worth of outstanding American Depositary Shares representing the ordinary shares of Taomee over the next 12 months, depending on market conditions, share price and other factors, subject to relevant rules and regulations under the U.S. securities laws.
Under the plan, Taomee is authorized, but not obligated, to repurchase, through open market purchase or privately negotiated transactions, up to US$10 million worth of outstanding American Depositary Shares representing the ordinary shares of Taomee over the next 12 months, depending on market conditions, share price and other factors, subject to relevant rules and regulations under the U.S. securities laws.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reitar Logtech launches $3M share repurchase program
- Ubiquiti extends $500M stock buyback program through 2027
- Almonty Industries launches $300M share repurchase program
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
