- "This increased share repurchase program reflects the confidence of our Management Team and Board of Directors in LogMeIn's long-term growth strategy and leverages our strong balance sheet and cash flow generation," said Michael Simon, CEO of LogMeIn (LOGM).
- The new program replaces a $25M program, originally announced February 14, 2013, under which LOGM has repurchased shares totaling ~$16M to date.
- LOGM expects to fund the program using the company's cash on hand and cash generated from operations.
- Source: Press Release
LogMeIn Announces $50M Share Buyback Program
From other sites
at Nasdaq.com (Jan 16, 2015)
at CNBC.com (Apr 30, 2014)
at CNBC.com (Dec 20, 2013)
at CNBC.com (Jul 19, 2013)
at MarketWatch.com (Mar 27, 2013)
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