ValueClick Provides Update on Stock Repurchase Program
ValueClick (NASDAQ: VCLK) announced Thursday an update on its stock repurchase program.
Since May 2, ValueClick has repurchased approximately 5.9 million shares of the Company's outstanding common stock for approximately $99.6 million. ValueClick's board of directors has authorized a $100 million increase to the program, such that an additional $100.5 million of the Company's capital may be used to repurchase shares of the Company's common stock going forward. ValueClick anticipates funding the program through free cash flow generation and its credit facility.
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