HSN (HSNI) Authorizes 10M Common Buyback
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HSN, Inc. (Nasdaq: HSNI) reported that the Board of Directors has approved a plan to return capital to HSNi's shareholders. Elements of the plan include a share repurchase program for 10 million shares. These are the first share repurchase and cash dividend programs initiated by the company.
Under the terms of the share repurchase program, HSNi will repurchase its common stock from time to time through privately negotiated or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods.
Under the terms of the share repurchase program, HSNi will repurchase its common stock from time to time through privately negotiated or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods.
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