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THQ Announces Stock Repurchase

THQ's board of directors has authorized the a stock buy-back plan, in which the company will purchase up to $25,000,000 of its common stock on the open market or in private transactions.
THQ is currently flush with cash, and its current $18 share price of is well off its 52-week high of $43. The company currently has 39.7 million shares of common stock outstanding, and it could take about 1.4 million shares off the market at today's closing price.

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