NetSpend Holdings Announces $75 Million Share Repurchase Program

NetSpend Holdings

announced Tuesday that its Board of Directors has authorized a $75 million share repurchase program. The company's share repurchases will be made on the open market, through block trades, through 10b5-1 plans, in privately negotiated transactions or otherwise. The company expects to execute the repurchase plan over the next 12 months. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors, including alternative investment opportunities. The company intends to hold the repurchased shares in treasury for general corporate purposes.