ION Geophysical Corporation Buyback
OLI recorded this information on 11/4/2015
Company: |
ION Geophysical Corporation |
Buyback: |
IO buyback |
$Amount Authorized: |
$25,000,000 |
Buyback Details: |
ION Geophysical Corporation (the "Company") (NYSE: IO) today announced that its board of directors has authorized the Company to repurchase, from time to time from November 10, 2015 through November 10, 2017, up to $25 million in shares of its outstanding common stock. The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors including the market price of the Company's shares of common stock and general market and economic conditions, applicable legal requirements and compliance with the terms of the Company's outstanding indebtedness. |
ION Geophysical is a technology company that delivers data-driven decision-making offerings to the offshore energy and ports and harbors market. Co. provides its services and products through two business segments: Exploration and Production (E&P) Technology and Services and Operations Optimization. Co.'s E&P Technology and Services segment creates digital data assets and delivers services to help E&P companies improve decision-making. Co.'s Operations Optimization segment develops subscription offerings and provides engineering services that enable operational control and optimization offshore.
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