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Ebix triples share buyback to $15 million

Wed, 06/09/2010 - 11:05am
The Associated Press

Software maker Ebix Inc. said Wednesday that its board tripled its stock repurchase authorization, boosting potential acquisitions to $15 million.

The previous authorization allowed the company, which provides software and online services for the insurance industry, to repurchase up to $5 million in stock.

Ebix shares climbed 44 cents, or 3 percent, to $14.72 in afternoon trading Wednesday.

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