DDi Corp. announces share repurchase authorization
Aug 10, 2007
DDi Corp. (NASDAQ:DDIC) announced that its Board of Directors authorized the repurchase of up to 1.1 million shares of its common stock, or approximately 5 percent of the company's current outstanding common shares.
These repurchases will be made in open market or privately negotiated transactions in compliance with SEC Rule 10b-18, subject to market conditions, levels of cash generation from operations, cash requirements for operations and capital expenditures, applicable legal and regulatory requirements and other factors. The stock repurchase authorization does not have an expiration date, and the stock repurchase program may be modified or discontinued at any time.