Buying and selling
Trend buys back shares, Sybari prepares to sell
Trend Micro's board of directors has announced plans to repurchase some of the company's shares from the market. The
company will repurchase a maximum of one million of its common shares through the Tokyo Stock Exchange. In a similar move
last year the company repurchased 179,000 of its shares.
Meanwhile, Sybari Software Inc. has filed a registration statement with the Securities and Exchange Commission
for an initial public offering (IPO) of its common stock. While the company has stated that the number of shares
to be offered and the price range for the offering have yet
to be determined, reports suggest that it is seeking to raise $57.5 million to pay off debt and investors, as well as
expand its operations.
13 May 2004
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