Overstock.com's Board of Directors authorized a repurchase program allowing the company to repurchase its Convertible Senior Notes. The board authorized the $20 million repurchase program for the purpose of reducing the company's indebtedness under its outstanding senior notes at a discount to the principal amount of the notes. The Convertible Senior Notes may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors.
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Overstock.com's Board of Directors authorized a repurchase program allowing the company to repurchase its Convertible Senior Notes. The board authorized the $20 million repurchase program for the purpose of reducing the company's indebtedness under its outstanding senior notes at a discount to the principal amount of the notes. The Convertible Senior Notes may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors.