eGain Corp. (EGAN) announced on Friday that its Board has approved a $20 million increase in its stock repurchase program, bringing the total amount eGain can purchase from $20 million to $40 million worth of its outstanding common stock.
As of May 23, 2024, eGain has already repurchased approximately $19.3 million in shares of its common stock through the repurchase program.
The company said it would buy common stock shares at its discretion under the program through open market transactions or private negotiations at prices it deems suitable, using funds from existing cash reserves or future cash flows.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.