PrePaid Legal Announces Completion of 10 Million Dollars in Financing

by louabbott on June 6, 2008

CNNMoney.com (press release) – USA  June 06, 2008

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…will use proceeds from the new financing to fund additional treasury stock purchases … 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 percent during this time …

Also, read our company overview:  Pre-Paid Legal Facts, News and Review

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