Anterix rises on share buyback plan

Anterix

30/09/2021 17:08

** Shares in wireless communications co  ATEX.O  up 1.2% at
$60.45 
    ** Co board authorizes share repurchase program under which
co may repurchase up to $50 mln of its outstanding shares of
common stock over two-year period  urn:newsml:reuters.com:*:nPnbpTswCa
    ** Share repurchases will be funded using co's cash and cash
equivalents on hand and cash generated from operations; as of
June 30, co had cash and cash equivalents of about $106 mln
dollars
    ** ATEX had ~18.1 mln shares of common stock outstanding as
of July 31
    ** Stock up ~61% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))