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twitterVegas casino operator may buy back shares
Monday, Nov. 11, 2002 | 11:01 a.m.
Las Vegas-based casino operator Boyd Gaming Corp. has authorized the repurchase of up to 2 million shares of the company's common stock. Shares may be repurchased over time and at prevailing market prices on the open market or through negotiated transactions, the company said.
Not date was established for the completion of the share buyback program.
"While we intend to continue to apply much of our free cash flow to reducing debt to further strengthen our balance sheet, this program reflects and confirms our continuing commitment to maximize shareholder value," Chairman and Chief Executive Officer Bill Boyd said.
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