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Spōk's board approves $10M share buyback

Spok Holdings Inc.'s board authorized the company to repurchase up to $10 million of its common stock through 2018.

Under the program, repurchases may be made in the open market or in privately negotiated transactions.

"We intend to utilize our healthy balance sheet and the ability to generate operating cash flow to fund the new repurchase program, which we believe will create further value for our stockholders." CEO Vincent Kelly said in a Feb. 28 statement.