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Saga May Buy Back More Shares
3-6-2013
The Saga Communications Board of Directors has given the company the option to buy back up to $30 million worth Class A Common Stock under its Stock Buyback Program. That doesn't mean that Ed Christian and Company will, but they can if they choose to. The repurchases will be funded from cash on Saga's balance sheet. On January 17th Saga declared a declared a 4-for-3 stock split for shareholders. The Saga (SGA) stock will open around $48.40 today, nearing its 52-week high of $51.61
