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Heartland Payment authorizes $75M share repurchase program

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Heartland Payment Systems, a payment processing system in Princeton, said Tuesday its board of directors has authorized a new $75 million share repurchase program.

The open-ended program is effective immediately, according to the company, which said the new authorization is a result of the completion of an existing program, which went into effect last year. Under that program, Heartland repurchased 1.67 million shares of its common stock at an average price of $29.98 per share.

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