Acxiom Corp. (ACXM: Quote) announced that its Board has increased the size of its authorized repurchase plan to $150 million. Since inception of the program in August 2011, the company has repurchased 6.1 million shares for approximately $72 million resulting in the repurchase of approximately 7 percent of its outstanding shares.
The company said it was authorized to repurchase shares from time to time over the next 12 months in open market or privately negotiated transactions depending on prevailing market conditions and other factors. During fiscal 2012, the Company also retired debt of $144 million, which is approximately 34 percent of its total.
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by RTT Staff Writer
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