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Maximus (NYSE:MMS), a leading employer and provider of government services, announced today that its Board of Directors has authorized an expansion to the purchase program for Maximus common stock to up to an aggregate of $400 million. This includes approximately $32.7 million of remaining availability under the existing stock purchase program.
Maximus intends to purchase shares opportunistically at prevailing market prices in the open market, via 10b5-1 plans, or in privately negotiated transactions, with the amount and timing of purchases depending on market conditions, corporate needs, and other factors.
This program does not obligate the Company to acquire any particular amount of Common Stock, has no specified expiration date, and may be extended, modified, suspended or discontinued at any time at the Company's discretion.
Posted In: MMS
