OLI recorded this information on 4/20/2015
The company also announced its Board of Directors has approved a new $300 million share repurchase program, subject to the closing of the TMON sale. The authorization includes the flexibility for accelerated repurchases and purchases over time in the open market in accordance with our current practice. The new plan is expected to commence with the closing of the TMON sale and will run through August of 2017. Groupon expects to continue repurchases under its existing $300 million share repurchase program approved in 2013. That program had $83 million of authorized repurchases remaining as of March 31, 2015, and is set to expire in August of 2015. Share repurchases are subject to market conditions and other factors.
Groupon operates online local commerce marketplaces that connect merchants to consumers by providing goods and services, generally at a discount. Consumers access those marketplaces via its websites, primarily localized groupon.com sites in several countries. Co.'s operations are organized into two segments: North America and International. Co. provides goods and services via its online marketplaces in three primary categories: Local, which includes offerings from local and national merchants, and its relationships with local and national merchants, including advertising; Goods, which sells merchandise inventory; and Travel, which features travel offers at both discounted and market rates.
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Hold (2.43 out of 4)
(ranked lower than approx. 85% of all stocks covered)
Based on Zacks ABR data;
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