- Tarena International Inc TEDU said its board of directors has authorized a share repurchase program of up to $2.5 million of its shares over six months.
- The company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices.
- The company expects to fund the repurchases with its existing cash balance.
- Tarena held $47.3 million in cash and equivalents as of September 30, 2021.
- Price Action: TEDU shares are trading higher by 19.6% at $2.02 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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