Mirant Plans Stock Buyback
The board authorizes a $100 million repurchase.
Mirant
(MIR)
said its board authorized a $100 million share-repurchase program that will run until Sept. 30, 2007.
The energy company plans to buy back stock, as business conditions warrant, on the open market or in negotiated transactions.
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As of Sept. 8, Mirant had about 257 million shares outstanding and roughly $1 billion in cash and short-term investments.
