Insight Enterprises buys $76M of common stock from ValueAct Capital
Insight Enterprises (NSIT) announced it has entered into a stock repurchase agreement with ValueAct Capital Master Fund to buy 600K shares of its common stock at approximately $126.86 per share, totaling approximately $76M. Insight stated the purchase was made as part of its existing $300M stock repurchase program. CEO Joyce Mullen commented the move optimizes capital structure and creates shareholder value, also representing a continuing relationship with ValueAct Capital.
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