Endurance International Group Announces $40 Million Share Repurchase Authorization
Endurance will determine the timing and amount of shares repurchased, if any, depending on its evaluation of market and other conditions. The company expects to fund any repurchases using cash on hand and cash generated from operations. The share repurchase program may be suspended or discontinued at any time.
Statements in this press release regarding Endurance’s intention to repurchase shares of its common stock from time to time under the share repurchase program and the expected source of funding for the program are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the prevailing market price of the company's stock from time to time, the nature of other investment opportunities presented to the company from time to time, the company's cash flows from operations, general economic and market conditions, and other risks and uncertainties discussed in our filings with the
Source: Endurance International Group Holdings, Inc.