LookSmart to Buy Back Up to $5M in Stock
By
Associated Press
February 26, 2008
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LookSmart Ltd., an Internet advertising and technology company, said Tuesday that it plans to buy back up to $5 million of its own stock by the end of the year.
The company said its board approved the repurchase. It will buy back the stock on the open market or from private parties.
According to Thomson Financial, LookSmart has about 22.9 million shares outstanding.
The stock closed at $3.49 on Tuesday.