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The Chicago Board Options Exchange (CBOE) Holdings, Inc. (NASDAQ: CBOE), the largest operator of the US equity options market, has announced a share repurchase authorizing up to $100 million, along with a freshly raised cash dividend, according to a CBOE statement.
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CBOE’s Board of Directors has authorized a share repurchase of an additional $100 million of its outstanding common stock, with immediate effect. Share repurchases are typically common procedure for publicly traded companys, and typically illustrates that a given company’s executive board feels its stock is undervalued.
Specifically, CBOE will add ... (read more)