IHS Approves Share Repurchase Program of Up to $100M in Shares
IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced that its Board of Directors has approved a $100 million program to repurchase IHS common shares.
IHS may repurchase shares in open market purchases or through privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate IHS to repurchase any dollar amount or number of shares, and it may be suspended at any time at the company's discretion.
“This share repurchase program demonstrates our continued confidence in the IHS strategy of delivering long-term profitable growth and demonstrates our commitment to delivering value to our shareholders,” said Jerre Stead, IHS chairman and chief executive officer.
This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities.
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