American Public Education Announces Share Repurchase Program of up to $20M
American Public Education, Inc. (NASDAQ: APEI) announces that its Board of Directors has authorized a program to repurchase up to $20 million worth of shares of the Company's common stock. Subject to market conditions, applicable legal requirements and other factors, the repurchases may be made in open market transactions or privately negotiated transactions.
The authorization does not obligate the Company to acquire any shares, and purchases may be commenced or suspended at any time based on market conditions and other factors that the Company deems appropriate. As of March 31, 2012 there were approximately 18.2 million diluted shares outstanding of American Public Education common stock.
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