SUI Group: The Board of Directors has authorized the launch of a new $50 million share repurchase program
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Odaily Planet Daily reports that Nasdaq-listed SUI Group, a treasury company, has announced that it has completed its previously authorized $2 million share repurchase program. The board of directors has also authorized a new share repurchase program to repurchase up to an additional $50 million of the company's common stock, which may be repurchased through a combination of open market repurchases, negotiated transactions, or other methods. According to previous SEC filings, SUI Group increased its holdings of SUI by 20 million shares last week, bringing its total holdings to 101,795,656. (Businesswire)
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