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Article: BigStar Entertainment Raises Stock Buyback Authorization to Three Million; Repurchases 1.4 Million Shares; Resignation of ValueVision Executive from Board.
- Article from:
- Business Wire
- Article date:
- February 23, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 23, 2001
BigStar Entertainment Inc. (OTCBB:BGST) today announced its board of directors has authorized the repurchase of an additional one million shares of the company's outstanding common stock.
The common stock may be repurchased from time to time in privately negotiated transactions or in the open market at varying prices depending on market conditions and other factors.
The board previously authorized the repurchase of up to two million shares in December 2000, of which approximately 800,000 shares had been repurchased.
The company also announced it has repurchased ...