Information Services Group, Inc. Buyback
OLI recorded this information on 3/9/2016
Company:
Information Services Group, Inc.
Buyback:
III buyback
$Amount Authorized:
$12,000,000
Buyback Details:
Information Services Group, Inc. (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, today announced that it will commence on March 10, 2016 a modified "Dutch auction" tender offer to purchase up to $12 million of its common stock, par value of $0.001 per share ("Common Stock") at a price not greater than $4.00 nor less than $3.30 per share. The Company intends to pay for the share repurchases from its existing cash balances and through the revolver on its credit facility.
Information Services Group is a technology research and advisory firm. Co. engages in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Co.'s solutions include: ISG Digital, which focused on developing technology, transformation, sourcing and digital solutions for clients; and ISG Enterprise, which focused on helping clients manage change and support operations in such areas as finance, human resource and Procure2Pay.
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Buy (3.37 out of 4) 50th percentile
(ranked higher than approx. 50% of all stocks covered)
Analysts' Target Price: III Stock Forecast Based on Zacks ABR data; powered by Xignite |