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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.

This story was created through a joint venture between TheStreet.com and IRIS.