Little Rock’s Acxiom Corp. recently announced it has increased the size of its authorized repurchase plan from $50 million to $150 million.
According to a news release, the company introduced the program in August and has repurchased 6.1 million shares for $72 million, representing about 7 percent of its outstanding shares.
"Our financial strength gives us the flexibility to invest in new products and return capital to our shareholders," CEO Scott Howe said in the release.
The company may repurchase shares from time to time over the next 12 months in public or private transactions, depending on market conditions and other factors. It may also suspend or discontinue the program. During fiscal 2012, Acxiom retired debt of $144 million, or 34 percent of its total.
Sign up for Daily E-news
