Jamba Increases Share Buyback To $45 Mln From $40 Mln

(RTTNews) - Jamba, Inc. (JMBA), a healthy, active lifestyle brand, Wednesday said its Board of Directors increased its share repurchase authorization to $45 million from $40 million.

The company has repurchased about $34.2 million of common stock since the original authorization in November, 2014. The increased authorization leaves around $10.8 million of unspent authorization.

The authorization expires May 4, 2016 and share repurchases may be made from time to time in the open market or in negotiated transactions depending on price, market conditions and other factors.