Courtesy of Benzinga.
On February 6, 2012, Consolidated Graphics, Inc. (NYSE: CGX) Board of Directors amended the share repurchase program by increasing the authorization to purchase the Company’s common shares from $100 million to $170 million. Additionally, the expiration of the program was extended to September 30, 2013.
The amended share repurchase program enables the Company to repurchase shares of its common stock in open-market purchases as well as privately negotiated transactions, pursuant to applicable securities regulations, and subject to the terms of our bank facilities, market conditions and other factors. The Board of Directors may modify, suspend, extend or terminate the program at any time. Remaining authorization under the amended share repurchase program at February 6, 2012 was $100.5 million.
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