Source: CNNMoney.com 6/9/2008
Pre-Paid Legal Completes 10 Mil Financing
We will use proceeds from the new financing to fund additional treasury stock purchases as we currently have Board authorization to purchase approximately 798,000 additional treasury shares. Since April 1999, the Company has purchased 13.2 million shares, totaling $385.3 million, or an average cost per share of $29.18 per share. As a result of this aggressive treasury stock purchase program, the Company has reduced shares outstanding by approximately 50% during this time.
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