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31.08.26 - 15:06
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Rimini Street Announces Stock Repurchase and Debt Reduction Transactions (Business Wire)
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The Company recently completed an additional $5.0 million of common stock repurchases and $5.0 million of debt prepayment that brings total fiscal year-to-date capital return and balance sheet optimization to $30.9 millionLAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced additional, recent capital return and balance sheet optimization actions as noted below during the fiscal third quarter through August 28, 2026:
Debt Reduction: The Company prepaid $5.0 million of its term loan and has reduced term loan debt by a total of $25.9 million fiscal year-to-date, reducing the outstanding balance to $43.4 million.
Share Repurchases: The Company repurchased 970,566 shares of its common stock at an average price of $5.16 per share for an aggregate cost of approximately $5.0 million.
“O...
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28.08.26 - 21:18
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Oracle Just Rallied 18% in a Month: Take Profits, or Buy More? (24/7 Wall St.)
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Oracle (NYSE:ORCL) stock's 18% one-month rally looks like a comeback story on the surface, yet the shape of the move deserves a closer read before anyone declares leadership restored. The stock has recovered part of a bruising year rather than launching a fresh leg higher, and the cloud group around it moved just as much […]...
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