Forrester Research Inc. (FORR) announced Monday morning that it intends to commence later this week a "modified Dutch auction" self-tender offer to repurchase up to $130 million of its common stock at a price per share within the range of $32.00 to $36.00.
Forrester Research gapped open sharply higher this morning and is now up 2.80 at $34.45. The stock been on an upward trend for the last month and a half and has set a 9-month high.
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