Thursday, November 01, 2012 11:02:22 PM
Stock Buyback Program
During the third quarter, the Company repurchased approximately $3.2 million of common stock under the $15 million share repurchase plan that the Board authorized on May 2, 2012 and our second stock repurchase program is now complete. In addition, on October 29, 2012, our Board of Directors authorized a new $10 million share repurchase program.
Limelight further announced a search for a new CEO to succeed Jeff Lunsford, who will leave the day-to-day CEO role to pursue private business interests in mid-January, 2013, but will remain active and involved as a member of Limelight's Board of Directors.
http://www.equities.com/news/headline-story?dt=2012-11-01&val=663502&cat=tech
Limelight Networks, Inc. Most Likely Going Private, Goldman Sachs is a 30% Owner Of LLNW, especially with Jeff Lunsford the current CEO leaving and LLNW looking for a CEO Succession
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