Dallas 8/31/2010 10:26:26 PM
News / Business

NASDAQ Stock Movers On Stock Repurchase (RVSN, MYGN, ATMI, MPAC)

NASDAQ Stock Movers

RADVISION LTD. (USA) (NASDAQ:RVSN) shares are fell 2.48% to $6.69 its shareholders approve a self tender offer to purchase 5.0% of its voting power for $7.30 per share, net to the seller in cash, less any required withholding taxes and without interest.

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RADVISION Ltd. is a designer, developer and provider of products and technology that enable real-time voice, video and data communication over packet and mobile 3G (Third Generation) networks, including the Internet and other Internet Protocol, or IP, networks.

Myriad Genetics, Inc. (NASDAQ:MYGN) share rose 0.20% to $15.65 after it raised its buyback plan by an additional $100 million, which follows the completion of its prior plan initiated in May 2010.

The new share repurchase plan is expected to be completed on or before June 30, 2011.

CFO James Evans said the buyback, "reflects our confidence in the long-term potential for Myriad Genetics and our commitment to increasing shareholder value."

Myriad Genetics, Inc. is a healthcare company focused on the development and marketing of molecular diagnostic products.

ATMI, Inc. (NASDAQ:ATMI) shares jumped 1.85% to $12.69 after the company authorizes a discretionary $50 million stock buyback plan.

The program does not have an expiration date and does not require ATMI to purchase any specific number or amount of shares, and may be cancelled, suspended or reinstated at any time at the Company's discretion and without prior notice.

ATMI, Inc. (ATMI) is a supplier of high performance materials, materials packaging and materials delivery systems used worldwide in the manufacture of microelectronics devices.

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MOD-PAC CORP. (NASDAQ:MPAC) surged 6% to $4.40 after it announces that their Board of Directors has increased their existing stock buyback program to 200,000 common shares.

MOD-PAC CORP. (MOD-PAC) is a value-added, on-demand print services company providing products and services in two categories, folding cartons and personalized print. Within folding cartons, MOD-PAC provides custom folding cartons for branded and private-label consumer products in the food and food service, healthcare, medical and automotive industries.

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