India, April 14 -- Danaos Corporation (DAC) Monday announces that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million.
The company has already executed on share repurchases of approximately $196 million out of the $200 million existing share repurchase program that is now being upsized to a total of $300 million.
Shares may be purchased in open market or privately negotiated transactions, at times and prices that are deemed appropriate by the Company, and the program may be suspended or discontinued at any time.
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Danaos is one of the largest independent owners of modern, large-size contain...