From Deseret News archives:

ProPay Inc. to repurchase up to 2.35 million shares

Published: Wednesday, Nov. 7, 2007 12:55 a.m. MST
 |  E-MAIL | PRINT | FONT + - 
OREM — ProPay Inc. said Monday it will repurchase up to 2.35 million of its shares at $1.70 per share.

If fully subscribed, the offer would reduce the number of outstanding shares by 15 percent at a total cost of about $4 million. The company said the offer will be financed from its existing cash and short term investments.

Privately held ProPay provides payment services to individuals and corporations, including merchant account capabilities, stored value cards, commission payment systems and other payment Intranet solutions.

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Sarah Palin a "seed needed to grow"... are you kidding me? I guess...

I remember watching a program where they took scans and photos of the shroud...

I have just the solution. The Free Market! Those who think that the sky is...

Mitchell's attorneys file to withdraw

"which contains information that could be used for impeachment purposes,"...

Expect epic clash on the line

Against Oklahoma were his own fault. Three count em three. He is a poor...

Editorial: Hold the line on taxes

I am a true Utah County Republican/Libertarian. Any tax is too much for me....

How the heck can you incarcerate a man for growing the very plant the US...

Just as Scott McClellan's sudden realization of the Bush administrations...

BYU records with win

The only way to know which team is better is for them to play each other.

Jason is the best thing to happen to Washington D.C. Thanks for the...

Advertisements