Activision Boosts Share-Buyback Plans
Game publisher Activision(ATVI Quote) is planning to buy back as much as $350 million worth of its stock, the company said Thursday.
The company previously had planned plan to repurchase as much as $150 million worth of stock, so the new plan adds $200 million to that figure. As part of the program that began last October, the company has repurchased 5.1 million shares at an average cost of $13.80 per share. Since the beginning of this year, Activision has bought back 3.3 million shares. In addition, it also has entered into a series of structured stock transactions of about $80 million. The company said the proposed actions wouldn't affect its fiscal-year earnings per share targets. Activision's fiscal year ends on March 31. P/>The company's shares were up 39 cents, or 2.7%, at $14.87 in morning trading.- Loading Comments...
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