Affiliated Managers Group’s board of directors authorized a share repurchase program of up to 5% of the company’s issued and outstanding common stock. The company will buy back its shares on the open market at the discretion of its management. AMG Chairman and CEO William J. Nutt said in a statement that AMG’s board doesn’t intend to institute a regular share repurchase program, but that "at current value, we believe AMG stock represents an exceptional investment opportunity for our company.’’
Affiliated Managers Group's board of directors authorized a share...
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