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Digitas to Repurchase $20 Mil. in Stock

BOSTON—Digitas’ board of directors has approved a $20 million stock repurchase program under which the company is authorized to buy shares of its common stock in the open market or in private transactions during the next 18 months. “It’s a financial tool to enhance shareholder value,” said Digitas chief financial officer Jeff Cote. “It does that by showing we’re confident in where we are as a business.” Digitas stock has traded on the Nasdaq in the $3 range of late.

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