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CenturyTel unveils $200 million stock, equity unit repurchase program
New York, Feb. 3 - CenturyTel, Inc. said its board of directors has approved a $200 million stock repurchase program covering either its common stock or its convertible equity units.
The Monroe, La., telecommunications company said the buybacks can be made in the open market or in privately negotiated transactions. The program runs through December 2005.
The new program follows CenturyTel's $400 million repurchase program, which was completed during 2004.
As of Dec. 31, CenturyTel had 132.4 million common shares and $500 million convertible equity units outstanding.
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