Magnite board OK’s $125 million convertible note, stock repurchase program

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Magnite Inc.’s board of directors approved a new $125 million common stock and convertible note repurchase program, according to a news release.

The program runs through Feb. 1, 2026.

The repurchase program allows the company to repurchase its common stock or convertible notes using open market stock purchases, privately negotiated transactions, block trades or other means in accordance with U.S. securities laws.

Magnite is a New York-based sellside advertising company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.