Acacia Research Announces Stock Buyback of up to $100M
Acacia Research Corporation (NASDAQ: ACTG) announced today that the
Company's Board of Directors has authorized a program for repurchases of
shares of the Company's outstanding common stock. The stock repurchase
program will be put into effect immediately.
Under the stock repurchase program, the Company is authorized to
purchase in the aggregate up to $100 million of its common stock through
the period ending May 15, 2013. Repurchases may be made from time to
time by the Company in the open market or in block purchases in
compliance with applicable Securities and Exchange Commission rules.
Acacia Research Corporation CEO, Paul Ryan, commented, “The Board
authorization to repurchase shares is an attractive opportunity to