Ciber may repurchase up to $6 million in convertibles

By Laura Lutz

Des Moines, Aug. 14 - Ciber, Inc.'s board has authorized the purchase of up to $6 million of convertible debt or common shares, whichever it determines is most advantageous, according to a company release.

That amount provides an additional $5 million to $1 million already authorized and unspent.

" We are confident in the balanced and strategic direction of our business model, and believe shareholders are benefited best at current prices by using our cash flow to reduce shares and/or debt outstanding," Mac Slingerlend, president and chief executive officer, said in the release.

Ciber is a Greenwood Village, Co. provider of system integration consulting services.

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