VeriSign (VRSN +1.4%) opens higher after disclosing it has increased the size of its buyback...
Thursday, December 6, 2012, 9:43 AM ETVeriSign (VRSN +1.4%) opens higher after disclosing it has increased the size of its buyback authorization by $458.8M to a cool $1B. That leaves VeriSign free to buy back 17.9% of outstanding shares at current levels. Management mentioned last week it was looking to re-evaluate VeriSign's capital structure, something that had led Wells Fargo to think both buybacks and debt offerings are likely. Following last week's bad news, shares are trading near late-2010 levels.
TECH ETFs IN FOCUS
Latest Tech Articles