NetSpend To Buy Back $75 Mln Share - Quick Facts

6/12/2012 6:33 PM ET

NetSpend Holdings Inc. (NTSP: Quote) announced that its Board has authorized a $75 million share repurchase program. The company said its share repurchases will be made on the open market, through block trades, through 10b5-1 plans, in privately negotiated transactions or otherwise.

The company expects to execute the repurchase plan over the next 12 months. The company said itintends to hold the repurchased shares in treasury for general corporate purposes.

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by RTT Staff Writer

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