Glenborough Increases Stock Buyback Authorization
09 May 2006 - 8:00AM
Business Wire
Glenborough Realty Trust (NYSE:GLB) (NYSE:GLB.PrA) announced today
that its Board of Directors has increased the amount of common
shares authorized for repurchase under the company's previously
announced common share repurchase program. The previous
authorization totaled 12.2 million shares, with a remaining
availability to repurchase 1.5 million shares. Under the increased
authorization, Glenborough may repurchase up to an additional 2.5
million shares in the open market or in privately negotiated
transactions, at the discretion of the company's management and as
market conditions warrant. The resulting total current availability
under the stock repurchase program is 4.0 million shares.
Glenborough is a REIT which is focused on owning high quality,
multi-tenant office properties concentrated in Washington D.C.,
Southern California, Northern New Jersey, Boston and Northern
California. The Company has a portfolio of 45 properties
encompassing approximately 8 million square feet as of March 31,
2006.
Glenborough (NYSE:GLB)
Historical Stock Chart
From May 2024 to Jun 2024
Glenborough (NYSE:GLB)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Glenborough (New York Stock Exchange): 0 recent articles
More Glenborough Realty Trust News Articles