TAL stops review of alternatives, opts to increase share buybacks

By Lisa Kerner

Charlotte, N.C., Sept. 7 - TAL International Group, Inc. suspended the strategic review process it announced in June after considering a range of alternatives and current conditions in the capital markets. Citigroup Global Markets Inc. assisted the company in the review process.

In addition, TAL's board of directors authorized a 1 million share increase to the company's buyback program, enabling TAL to "opportunistically" repurchase up to 2.5 million shares of its stock in open-market and privately negotiated transactions, according to a company news release.

TAL is a Purchase, N.Y., intermodal freight container lessor.

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