Business in the Burbs

Universal American buying back more stock

June

The board of directors of Universal American Corp. of Rye Brook has approved the repurchase of up to an additional $50 million of the companyâ€™s stock. As of Friday, Universal American has bought back about 4 million shares, at an average price of $11.29 per share, totaling $45.5 million under the $50 million share repurchase program that was authorized on Feb. 19. Shares closed yesterday at $11.84, up 21 cents, or 1.8 percent.

This entry was posted on Monday, June 9th, 2008 at 10:49 pm by Julie Moran Alterio. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Stocks

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