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SEI Investments Increases Buyback OK

It can repurchase another $50 million worth of stock.

Pennsylvania-based investment firm

SEI Investments

(SEIC) - Get SEI Investments Company Report

said its board has approved an additional $50 million in stock repurchases.

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The financial services company said that it had purchased around 4.4 million shares for $164.1 million in 2005.

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