Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does Imation have a Stock Repurchase Program? How many shares have been repurchased and how many shares remain under the share repurchase authorization?

0
Posted

Does Imation have a Stock Repurchase Program? How many shares have been repurchased and how many shares remain under the share repurchase authorization?

0

Yes, Imation has a Stock Repurchase Program. A summary of the repurchase activity and remaining share authorization are provided in Imation’s quarterly filings with the SEC. The original authorization was for the repurchase of ten million shares on the open market and in block transactions. On August 4, 2004, the Company’s Board of Directors increased the remaining authorization as of June 30, 2004, to a total of six million shares. As of Dece,ber 31, 2005, the Company had repurchased 10.5 million shares and has 3.7 million shares remaining under the authorization.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.