CACI Launches New Common Shares Repurchase Program, Paul Cofoni Comments
CACI International Inc (NYSE: CACI) is moving to repurchase up to one million shares of the firm’s common stock where the total expenditure for the purchase of the shares under this repurchase program does not exceed $50,000,000.
“Today’s announcement illustrates our confidence in our corporate strategy, our long-term growth prospects and our proven ability to generate cash,” said Paul Cofoni, president and CEO. “The current trading range for CACI stock provides an exceptional investment value. Therefore, the Board of Directors has authorized management to repurchase up to one million shares.”
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