Plus   Neg

Radian Adds Two New Directors, Expands Share Repurchase Authorization

Radian Group Inc. (RDN) announced the addition of two new members to its Board of Directors and the future retirement of one director upon completion of his current term. Debra Hess, former CFO of NorthStar Asset Management Group and NorthStar Realty Finance Corp., and David Stevens, former president and CEO of the Mortgage Bankers Association, have joined the company's Board. Radian also announced that Stephen Hopkins, a director of Radian since 1999, intends to retire from the Board following completion of his current term at the 2019 Annual Meeting of Stockholders.

The company's Board also approved a $150 million increase in authorization for the existing share repurchase plan, for which the full purchase authority of up to $100 million remains available. The expanded authorization is effective immediately and expires on July 31, 2020. Radian said the company plans to utilize a Rule 10b5-1 plan, which would permit it to purchase shares, at pre-determined price targets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lawyers for the state of Oklahoma urged a judge on Monday to hold Johnson & Johnson (JNJ) responsible for the country's opioid epidemic. Oklahoma Attorney General Mike Hunter, in his closing arguments of the eight-week trial in Cleveland County, called the pharmaceutical company the "Kingpin" behind... Pizza chain Blaze Pizza has announced plans to offer a keto-diet-approved pizza crust, which will only have 6 grams of carbs. The pizza chain will swap flour for ingredients like flaxseeds, eggs, and cheese to offer the first-ever official keto-diet approved pizza. "As the first national chain... Even as Amazon.com Inc. kicked off its Prime Day annual shopping event on Monday, employees are expressing their dissatisfaction with the company. This year's Prime Day, Amazon's biggest celebration of deals, kick-started officially on Monday with more than one million offers for Prime Members in select countries around the world. The 48-hour extravaganza is the longest Prime Day ever.
Follow RTT