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  • Share Repurchase Program Approved By Harris Interactive (HPOL) Board 0 comments
    Mar 9, 2012 2:43 PM | about stocks: HPOL

    Global market research firm Harris Interactive announced that its board of directors has approved a share repurchase program of the company's common stock of up to $3 million over the next 24 months. Under the program's stipulations, repurchases will be made at management's discretion in the open market or through privately negotiated transactions in compliance with applicable laws, rules, and regulations; also meeting certain conditions and requirements.

    This share repurchase program will give the company flexibility to repurchase shares at its own discretion while also maintaining liquidity. Based on its projected fiscal 2012 performance, the company feels its stock is currently undervalued and views the purchase program as an effective means of enhancing stockholder value. The share purchases will be funded with cash generated from operations, and any repurchased shares will be retired and returned to unissued status.

    Harris Interactive is a leading global custom market research firm. The company leverages research, technology, and business expertise to transform relevant insight into actionable foresight. Known for the Harris Poll and for its groundbreaking research methodologies, the company offers expertise in a broad spectrum of industries, such as healthcare, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer packaged goods. Harris serves clients in more than 215 countries and territories through its offices in North America and Europe and through its network of independent market research firms.

    For more information, visit the company's Web site at www.harrisinteractive.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: HPOL
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