After a $400M stock buyback based on a Dutch auction failed to go as planned, AOL is launching a...

|About: AOL Inc. (AOL)|By:, SA News Editor

After a $400M stock buyback based on a Dutch auction failed to go as planned, AOL is launching a new $550M stock repurchase program based on direct purchases. AOL's rising stock price resulted in only $8.8M worth of shares being repurchased through the Dutch auction, which had a maximum tender offer price of $30. (PR)