Republic Airways Holdings receives board authorisation for stock purchase.
Republic Airways Holdings Inc (NASDAQ:RJET) said its board of directors has authorised the purchase of up to USD100m of the company's common stock.
The company said that the shares will be purchased on the open market, or through privately-negotiated transactions, during the twelve month period following the authorisation.
The timing and amount of purchase would be based on market conditions, securities law limitations and other factors. The stock buy-back programme does not obligate the company to acquire any specific number of shares in any period, and may be modified, suspended, extended or discontinued at any time without prior notice.
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|Publication:||Airline Industry Information|
|Article Type:||Brief article|
|Date:||Aug 29, 2007|
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