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Information Holdings. (News in Brief).


The board of directors of Information Holdings (IHI IHI - I'd Hit It
IHI - Index to Health Information
IHI - Institute for Healthcare Improvement (Boston, MA, USA)
IHI - Institute of History
IHI - Integrated Hit Indicator
IHI - Ishikawajima-Harima Heavy Industries (Japan, ship building, aerospace & others)
; Stamford, CT), parent of MicroPatent, Master Data Center, Liquent--IDRAC IDRAC - International Drug Regulatory Affairs Compendium and LPS Group, has approved a share buyback program, authorizing the company to purchase up to $30 million of common stock. IHI president/ceo Mason Slaine said that considering our strong financial position, with significant cash on hand and no debt, we believe a share buyback program will serve to increase shareholder value while still allowing the company to fund its growth initiatives." During 2002 the price of IHI common stock has ranged from a high of over $31 in March to a low of around $13 in October. The stock closed at $16.40 on Nov. 15.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:share buyback program
Comment:Information Holdings. (News in Brief).(share buyback program)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 16, 2002
Words:115
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