Product Design & Development

Research In Motion buying back 21 million shares

By The Associated Press
Thursday, November 05, 2009

 Share
[-] Text [+]  
Loading...

Research In Motion buying back 21 million shares

NEW YORK (AP) — Research In Motion Ltd. said Thursday its board of directors authorized a $1.2 billion stock buyback program.

The program aims to repurchase about 21 million shares, or 3.6 percent of the current outstanding stock.

The program starts Nov. 9 and will remain in place for 12 months, until the purchases are completed, or the program is terminated.

The company said it will pay the prevailing market price at the time of purchase.

ADVERTISEMENT

Shares of the company, based in Canada, closed at $57.61 Wednesday.

JOIN THE DISCUSSION
Rate Article:  Average 0 out of 5
register or log in to comment on this article!

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

At Issue

Extracting Nuggets from the Invention Mine
Tom Tuytschaevers, a member of our Patent Practice Group
Silicon Valley’s Low Down, Dirty Shame
David Mantey, Editor, PD&D
Entrepreneurially Hard Wired
Mike Rainone, Co-Founder, PCDworks

Site Sponsors


Most Viewed

Videos & Webcasts

Rocking Massage Chairs Scan Your Body to Fit Your Profile 2/6/2012
The Inada Yu•Me chair incorporates a scanning technology that takes a profile of the users back, compares the profile to 160 stored body profiles, identifies a match, and customizes the massage for anyone between 5’0” and 6’2”.   Continue
The Development Process of Yamaha Top Cases 2/6/2012
Yamaha's European engineering and design team have created two new premium quality Genuine top cases that have been developed exclusively for Yamaha scooters and motorcycles.     Continue
Miniatur Wunderland 2/6/2012
The largest model railway in the world, Miniatur Wunderland Hamburgand, one of the most successful tourist attractions in Germany.   Continue

Top Stories and Headlines
EVERY DAY!

FREE Email Newsletter