Credit Acceptance Corporation Announces Expansion of Stock Repurchase Program.Business Editors SOUTHFIELD, Mich.--(BUSINESS WIRE)--Nov. 10, 2000 Credit Acceptance Corporation (Nasdaq:CACC CACC Center for Animal Care and Control CACC Canadian Association for Community Care CACC Central Alabama Community College CACC Chilterns Association of Camera Clubs (United Kingdom) ) announced today that its Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: an increase in the Company's stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program from the 4,000,000 common shares previously authorized to 5,000,000 shares. The Company through November 9, 2000 had repurchased a total of 3,830,000 common shares. The additional shares, which can be repurchased through the open market or in privately negotiated transactions, represent 2.4% of the approximately 42.5 million outstanding shares. Credit Acceptance Corporation is a specialized financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company which provides funding, receivables management, collection, sales training and related products and services to automobile dealers selling vehicles to consumers with limited access to traditional sources of consumer credit. |
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