SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Marvel Enterprises (NYSE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: OmertaSoldier who wrote (522)5/12/2005 2:32:59 PM
From: OmertaSoldier   of 540
 
Marvel Expands, Extends Buyback Plan
Wednesday May 11, 9:12 am ET
Marvel Expands Stock Buyback Plan by $150 Million, Extends Program to June 2006

NEW YORK (AP) -- Comic book publisher Marvel Enterprises Inc. said Wednesday that its board expanded the company's stock repurchase program by $150 million and extended the buyback plan to June 30, 2006.
As of May 10, Marvel had about $13 million remaining under its initial $100 million stock repurchase authorization. The company now has a total of $163 million approved for stock buybacks.

Marvel currently has cash and short-term investments in excess of $200 million.

Isaac Perlmutter, the company's CEO, vice chairman and largest stockholder, has agreed to continue not to sell any of his Marvel shares while the expanded repurchase program is in effect. Perlmutter had previously agreed, when the initial $100 million stock repurchase program was authorized in July 2004, not to sell any of his Marvel shares until that plan was completed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News