Jefferies Group board OKs share buyback plan
NEW YORK — Jefferies Group Inc. said Monday its board has approved a new program granting managers permission to buy back as many as 15 million of the investment bank's shares…
NEW YORK — Jefferies Group Inc. said Monday its board has approved a new program granting managers permission to buy back as many as 15 million of the investment bank's shares of common stock.Jefferies has repurchased about 4 million shares during the current quarter, leaving about 3 million shares remaining available for possible buyback under a previous repurchase program.Jefferies had about 168.2 million shares of outstanding stock as of Nov. 3.In afternoon trading, shares of Jefferies rose 67 cents, or 3 percent, to $23.35. Copyright © 2009 The Associated Press. All rights reserved.
last modification 2009-12-14 19:30:05
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