ACI Worldwide to Buy Back Warrants for 1.08M Shares at $33 Each
Tickers: ACIW
ACI Worldwide, Inc. (Nasdaq: ACIW), a leading international provider of payments systems, announced today it has entered into an agreement to repurchase from IBM warrants to purchase 1,415,565 shares of ACI common stock ($27.50 exercise price) and 1,077,035 shares of ACI common stock ($33.00 exercise price). This repurchase is conducted pursuant to ACI's previously announced $113 million share repurchase program.
The warrants that are being repurchased were originally issued on December 16, 2007 in connection with the formation of the companies' strategic alliance.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.