Source: Fiserv
Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that its Board of Directors has authorized it to repurchase up to five million additional shares of the company's common stock, or approximately 3 percent of its outstanding shares.
As of March 1, 2010, the company had approximately one million shares remaining in its previous repurchase authorization.
Under the new authorization, Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire.