Earlier in the week, SureWest Communications’ board of directors signed off on the company repurchasing 1 million shares of its common stock.
This stock repurchase program was originally approved in February 2000 and was expanded in June 2002 and November 2006.
The additional authorization increases the total amount previously available for repurchase under the program from approximately 253,000 shares to approximately 1,253,000 shares.