Docucorp (NASDAQ:DOCC)
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From Aug 2019 to Aug 2024
Docucorp International(R) (Nasdaq:DOCC), a leading
provider of Customer Communication Management (CCM) solutions, today
announced that it has repurchased 392,841 shares of its common stock
in a private transaction. The purchase represents approximately 3.5
percent of Docucorp's outstanding common stock as of February 13,
2006. The purchase price was $6.00 per share, and was funded with
available cash. The transaction is expected to be accretive to
Docucorp earnings per share in future periods.
"We believe that repurchasing shares of our common stock at an
attractive price is an appropriate means of increasing value to our
shareholders," said Michael D. Andereck, Docucorp's president and
chief executive officer. "With the completion of this transaction,
Docucorp has repurchased a total of 9.8 million shares at an average
price of $5.39 per share since the inception of our stock repurchase
program in 1998."
About Docucorp
Docucorp markets Customer Communication Management (CCM) solutions
via a portfolio of information software, business process outsourcing
and professional services, which enables companies to create, publish,
manage and archive complex, high-volume, personalized information
in-house or fully outsource to Docucorp. The company has an installed
base of more than 1,300 customers, including some of the largest
insurance, utility, financial services and health care organizations.
Headquartered in Dallas, Docucorp has facilities in Atlanta, Silver
Spring, Md., Bedford, N.H., and London, as well as international
offices in the Benelux, DACH, Central and Eastern Europe, Middle East
and Africa regions.
Certain information contained in this news release may include
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other than
historical facts, included herein are forward-looking statements.
These statements involve risks and uncertainties, such as competition,
technological developments, loss of significant customers and the
other factors discussed in the Company's periodic reports filed with
the Securities and Exchange Commission, that could cause the Company's
actual results to differ materially from those expressed or implied by
these forward-looking statements.
Docucorp is a registered trademark of Docucorp International.
(C) 2006 Docucorp International. All Rights Reserved.
Company, organization and product names mentioned herein are
trademarks or registered trademarks of their respective owners.
Docucorp and its symbol are trademarks of Docucorp International.