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AirMedia Group, Inc.
AirMedia Announces US$50 Million Share Repurchase Program
January 16th, 2009
AirMedia Group Inc. (NASDAQ:AMCN), operator of the largest digital media network in China dedicated to air travel advertising, announced that its board of directors has approved a share repurchase program. AirMedia's board of directors has authorized, but not obligated, AirMedia to repurchase up to US$50 million worth of its own outstanding American Depositary Shares ("ADSs") throughout 2009. The repurchases will be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block trades or otherwise. AirMedia may execute its repurchase program pursuant to a plan in conformity with Rule 10b5-1 under the Securities...
Source: Health Business Week (2009-01-16)
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