The board of directors at teleradiology services provider NightHawk Radiology Services of Coeur d'Alene, ID, has authorized up to $10 million of share repurchases of its common stock.
Under the program, repurchases may be made from time to time by the company in the open market, in block purchases, or in solicited or unsolicited privately negotiated transactions in accordance with U.S. Securities and Exchange Commission (SEC) rules and other factors, such as market price, the company's operating results and available cash, and general economic and market conditions.
NightHawk shares currently are trading in the range of $7 per share, just above its 52-week low of $6.50 per share.
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NightHawk revenues surge, February 14, 2008
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