US EditionCathay General Bancorp (NASDAQ:CATY) Approves Share Buyback Plan
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Cathay General Bancorp (NASDAQ:CATY) Approves Share Buyback Plan
Cathay General Bancorp (NASDAQ:CATY - Get Free Report) announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 4th, RTT News reports. The company plans to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its sha…
Sanoma acquired a total of 720,000 of its own shares.
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