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StumbleLottery operator buying back stock
Monday, June 19, 2000 | 11:02 a.m.
WEST GREENWICH, R.I. -- Gtech Holdings Corp., the biggest vendor to government lotteries, said it will buy back up to $100 million of its own stock, which has fallen about 40 percent since March 1998.
The buyback would be about 13 percent of the Rhode Island-based company's stock. The new stock repurchase program, authorized through June 16, takes the place of a previous buyback that had about $16.2 million remaining. That repurchase program would have ended this month.
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