Teradata Expands Share Buyback To $300 Mln

(RTTNews) - Teradata Corp. (TDC), the big data analytics and marketing applications company, said on Thursday its board has authorized an additional $300 million for share repurchases under its general open market share repurchase program. The company now has about $450 million available under this program as a result of the increased authorization.

The company also has an ongoing anti-dilution offset repurchase program under which it repurchases common stock in the open market to offset employee stock purchases and option exercises under the company's various employee benefit plans.

The stock is anticipated to be repurchased on an ongoing basis in open market transactions at management's discretion, in accordance with applicable securities rules regarding issuer repurchases. The increased share repurchase authorization is effective immediately and expires on December 15, 2017.