AMICAS approved to repurchase shares
AMICAS Inc. has announced that its Board of Directors has approved the repurchase of as much as $15 million of the Company's common stock from the open market or privately negotiated transactions as needed, AMICAS said.
The schedule for such repurchases will be determined by the company's management. The transactions can also be made under a Rule 10b5-1 plan, which allows shares to be bought back in instances where company is otherwise not permitted to do so under insider trading laws.