CSG Systems International will repurchase up to $350 million of the company's outstanding common stock.
In line with this, the company's board of directors has approved a 10-million-share increase in the number of shares authorized for repurchase under the company's stock repurchase program, bringing the total number of authorized shares under the program to 30 million.
The company has repurchased approximately 14 million shares under the program since its inception in 1999, leaving approximately 16 million shares available for repurchase under the program.
Meanwhile, the company has promoted Mike Scott to EVP and COO from his previous post as EVP and president of Broadband Services.
CSG buys back $350m in shares, names new COO
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