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Home > BizTimes Daily > Archives > February 10, 2005
Renaissance Learning to repurchase stock
Published February 10, 2005 - BizTimes Daily
Renaissance Learning Inc. today announced that its board of directors has authorized the repurchase of 3 million shares of the company's common stock. The Wisconsin Rapids-based provider of learning information and school improvement systems said the stock repurchase will be used for stock-based employee benefit plans and for general corporate purposes. "We believe our current initiatives to accelerate learning have positioned us for growth," said John Hickey, president and chief executive officer of Renaissance Learning. "The board's actions are a reflection of our confidence in the company's future and its overall financial strength."
