Convergys Announces Authorization to Purchase Common Stock
The Board of Directors of Convergys has authorized the company to purchase up to 20 million additional common shares from time to time as market and business conditions warrant.
As of June 30, 2007, there were 140 million shares of Convergys outstanding on a fully diluted basis. From July 1 to August 13, the company acquired about 2.4 million shares at a cost of $42.2 million. Approximately 600,000 shares remain from the prior purchase authorization as of August 13, 2007.
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