Mirant Announces Share Repurchase Program
September 28 2006 - 5:45PM
PR Newswire (US)
ATLANTA, Sept. 28 /PRNewswire-FirstCall/ -- Mirant Corporation
(NYSE:MIR) announced today that its Board of Directors has
authorized a $100 million share repurchase program. The company
intends, from time to time until September 30, 2007, as business
conditions warrant, to purchase common stock on the open market or
in negotiated transactions. August 21, 2006, marked the expiration
of the company's recent "Dutch auction" self tender offer, in which
the company repurchased 43,000,000 shares of common stock for an
aggregate of approximately $1.23 billion. As of September 8, 2006,
Mirant had approximately 257 million shares of common stock (basic)
outstanding and approximately $1 billion in cash and short-term
investments. Mirant is a competitive energy company that produces
and sells electricity in the United States, the Caribbean, and the
Philippines. Mirant owns or leases approximately 17,300 megawatts
of electric generating capacity globally. The company operates an
asset management and energy marketing organization from its
headquarters in Atlanta. For more information, please visit
http://www.mirant.com/. Some of the statements included herein
involve forward-looking information. Mirant cautions that these
statements involve known and unknown risks and that there can be no
assurance that such results will occur. There are various important
factors that could cause actual results to differ materially from
those indicated in the forward-looking statements, such as, but not
limited to, the impact of market and business conditions from time
to time on the company's determinations whether to repurchase
shares under the repurchase program, and other factors discussed in
Mirant's Form 10-K for the year ended December 31, 2005, and its
Form 10-Q for the quarter ended June 30, 2006. Mirant undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Stockholder inquiries: 678 579 7777 DATASOURCE: Mirant Corporation
CONTACT: Media, Camille Evans, +1-678-579-5677, or , or Investor
Relations, Mary Ann Arico, +1-678-579-7553, or , or Sarah Stashak,
+1-678-579-6940, or , all of Mirant Corporation, or Stockholder
inquiries, +1-678-579-7777 Web site: http://www.mirant.com/
Copyright
Mirion Technologies (NYSE:MIR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mirion Technologies (NYSE:MIR)
Historical Stock Chart
From Jul 2023 to Jul 2024