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Digital River Buying Back Shares.
2005-04-20, HostMan.biz E-commerce hosting provider Digital River (digitalriver.com) said on Tuesday that its board of directors has authorized the re-purchase of up to $50 million of outstanding common shares. The shares can be purchased in the open market or in privately negotiated transactions. Digital River has not set a time limit for the completion of the re-purchase plan. The company says the plan supersedes and replaces the $5 million share buyback plan adopted in 2001. Digital River is listed on the Nasdaq. The company currently has 34.2 million shares outstanding. |
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