AremisSoft Rises on Buyback
AremisSoft (AREM) was up 8.7% in midafternoon after it raised its stock buyback plan to 4 million shares from 1 million.
The software company also approved a recapitalization under which each common share would be exchanged for new Class A stock.
After Thursday's close, the company said it scrapped a plan to invest in Cyprus'
Globalsoft.com
, saving the $109 million that had been dedicated to the deal.
Loading ...