CoreLogic Expands Share Repurchase Authorization To $250M of Common Stock
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that its Board of Directors has authorized the Company to repurchase up to $250 million of outstanding shares of its common stock. The authorization has no expiration date, and replaces the Company's previous share repurchase authorization which provided for up to $156 million in future repurchases.
"CoreLogic has delivered record levels of financial performance during 2012 by focusing on profitable revenue growth, expanding margins and strengthening our capital structure. At the same time, the Company has returned a significant amount of capital to our shareholders in the form of a repurchase of ten million shares of our common stock," said Frank Martell, Chief Financial Officer of CoreLogic. "As we move forward, CoreLogic is committed to continuing to reinvest in our business for consistent profitable growth and, at the same time, building financial flexibility and returning capital to our shareholders."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.