Marvel (MVL) plans to buy more shares; board expands stock repurchase allowance

Marvel Enterprises (ticker: MVL) announced that it board of directors has approved an additional  $150 million under its common stock repurchase program and extended it to July 2006.  This is in addition to the $100 million authorized in July, 2004.

Here's a quote from the press release:

As of May 10, 2005, Marvel had approximately $13 million remaining under its
initial $100 million stock repurchase authorization. Giving effect to today's
authorization, Marvel now has a total of approximately $163 million authorized
for share repurchases. Marvel currently has cash and short-term investments in
excess of $200 million.