Overstock.com adds convertibles to $100 million stock repurchase program

By Jennifer Chiou

New York, June 15 - Overstock.com said its board of directors has approved an amendment of its previously announced $100 million three-year stock repurchase program to include buybacks of its convertible senior notes.

Under the amended program, shares and convertibles may be repurchased in open market transactions, restricted by blackout periods the company imposes during which Overstock.com insiders and employees may not trade their holdings.

The Salt Lake City-based company is an online closeout retailer.

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