BayCorp Announces Stock Repurchase Program.PORTSMOUTH, N.H. -- BayCorp Holdings, Ltd. ("BayCorp") (AMEX AMEX See: American Stock Exchange : MWH See watt-hour. ) today announced that its Board of Directors has authorized the repurchase of up to 100,000 shares of its common stock on the open market or in negotiated transactions. BayCorp completed its previously authorized repurchase plan, buying 93,551 shares of common stock at an average price of $13.07 per share. About BayCorp BayCorp Holdings, Ltd. is an unregulated holding company incorporated in Delaware. BayCorp currently has three wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. including Great Bay Power Marketing, Inc., which purchases and markets power on the open market, BayCorp Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which serves as a vehicle for the Company's investments and Great Bay Hydro Corporation which was formed for the purpose of holding the generating facilities in Vermont acquired from the Vermont Electric Division of Citizens Communications Citizens Communications is the parent company of Frontier Telephone, providing telephone and internet access in 24 states. The company headquarters are located at 3 High Ridge Park in Stamford, Connecticut. Company on April 1, 2004. As of May 1, 2004, BayCorp had a majority interest in HoustonStreet Exchange, Inc., which operates HoustonStreet.com, an independent internet-based crude oil and refined products trading exchange. Prior to May 1, 2004, BayCorp held a minority interest in HoustonStreet. |
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