ChoicePoint Expands Buyback
It drops a poison pill.
ChoicePoint's
(CPS)
board expanded a previously announced share buyback program by $125 million to $375 million.
ChoicePoint has already repurchased 2.9 million shares valued at $125.6 million since August 2005.
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The company added that the board approved the termination of the shareholder rights plan in order to increase corporate transparency and enhance governance practices.
The decisions are effective immediately.
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