Market Overview

SFN Group Announces Share Repurchase Authorization

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SFN Group (NYSE: SFN) today announced that its Board of Directors has authorized the repurchase of up to $75 million of the Company's outstanding common stock. Repurchases will occur from time to time in open-market transactions, in privately negotiated transactions, and through purchases made in accordance with Rule 10b-18 and/or 10b5-1 of the Securities and Exchange Act of 1934, based on business, market and other considerations. The repurchase program does not require the Company to repurchase any specific number of shares, and may be terminated at any time.

SFN Group president and CEO Roy Krause commented, "Our management team and Board of Directors are committed to creating long-term value for our shareholders. This new repurchase program reflects our confidence in the Company, its solid financial position and strong cash flow prospects."

Posted-In: News Buybacks

 

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