International Datacasting Corp. Plans Stock Buyback
December 8, 2011 at 5:07 AM (PT)
INTERNATIONAL DATACASTING CORPORATION's Board of Directors has authorized a stock buyback of up to 10% of the company's public float through a normal course issuer bid on the TORONTO STOCK EXCHANGE. The move is subject to acceptance by the TSX and wlll be made at market price.
The company said that its objective is "to provide capital appreciation and market stability for the benefit of IDC's shareholders."