InfoUSA has been authorized by its board and its lenders to repurchase common stock or pay a dividend to shareholders in an aggregate amount of up to $20 million.
The Omaha-based information-services firm, which now has roughly 53.5 million shares outstanding, is authorized to repurchase common shares on the open market as it sees fit.
“We believe that repurchasing our shares is an attractive investment opportunity for our company,” said CEO Vin Gupta in a statement.
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