Edipresse: Buyback program terminated
The publishing house Edipresse officially ended the share buyback program launched in October 2010 via a second trading line as of October 12, 2011.
However, no transaction has been made since November 12, 2010. This writes Edipresse in a statement on Thursday evening. As previously announced, Edipresse shares will be delisted on October 20. Officially, the second trading line will remain open until October 12, 2011, but Edipresse will not make any further purchases, the statement added.
Originally, the buyback program was set to run until October 12, 2013, Swissinfo.ch writes. However, due to the merger of Edipresse Switzerland and Tamedia, the Lamunière family of owners launched a public offer to buy back the publicly held shares in May 2011.
