Courtesy of Benzinga.
Marchex, Inc. (NASDAQ: MCHX) today announced that its Board of Directors has approved a 1 million share increase to the company’s ongoing share repurchase program. This increase is in addition to the approximately 1 million share authorization that was remaining under the program as of May 11, 2012. The share repurchase program authorizes the purchase of the company’s Class B common stock through open market and privately negotiated transactions, at times and in such amounts as the company deems appropriate.
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