Endurance International Group Announces $40 Million Share Repurchase Authorization
ENDURANCE INTL GROUP (EIGI)
Last endurance intl group earnings: 4/30 07:05 am
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US:NASDAQ Investor Relations:
ir.endurance.com
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Source: GlobeNewswire
BURLINGTON, Mass., March 10, 2020 (GLOBE NEWSWIRE) -- Endurance International Group Holdings, Inc. (Nasdaq: EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today announced that its Board of Directors authorized the repurchase of up to $40 million of common stock on the open market, in privately negotiated transactions or otherwise. Endurance will determine the timing and amount of shares repurchased, if any, depending on its evaluation of market and other conditions. The company expects to fund any repurchases using cash on hand and cash generated from operations. The share repurchase program may be suspended or discontinued at any time. Forward-Looking StatementsStatements in this press release regarding Endurance’s intention to repurchase shares of its common stock from time to time under the share repurchase program and the expected source of funding for the program are “forward-looking stateme
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