Focus Media Holding Limited (ADR) (NASDAQ:FMCN) rose 1.80% to $25.43 after it announced that they have entered into an agreement to repurchase up to 9,523,810 ADS from Fosun International. The purchase price is $21 per ADS, or a total consideration of $200 million.
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Focus Media Holding Limited (Focus Media) is multi-platform digital media company. The networks operated by the Company include liquid crystal display (LCD) display network, poster frame network, in-store network, Internet advertising services network, billboard network and movie theater advertising network.
The India Fund, Inc. (NYSE:IFN) rose 0.20% to $30.82 after it announces results of the company's semi-annual stock repurchase.
The company expected to tender about 2,330,789 of the 46,615,777 Fund shares outstanding. As of September 17, 2010, about 6,816,175.318 shares were validly tendered. The company will tender the shares on a pro-rata basis.
The India Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation by investing primarily in Indian equity securities.
Roma Financial Corporation (NASDAQ:ROMA) has approved a stock buyback plan to which the Company intends to repurchase up to 5% of its outstanding shares (excluding shares held by Roma Financial Corp. MHC, the Company's mutual holding company and in the Roma Bank Employee Stock ownership Plan), or up to 342,646 shares.
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Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.
The Company also announces a quarterly cash dividend of $0.08 per share to be paid October 20, 2010 to stockholders of record on October 6, 2010.
MAXIMUS, Inc. (NYSE:MMS) authorized a $100 million increase of its share repurchase program.
$22.3 million remains on the current share repurchase program.
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