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Bisys Presents $100 Million Stock Buy-Back Plan

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NU Online News Service, Nov. 20, 2003, 10:55 a.m. EST – The Bisys Group Inc., which provides support and distribution services to financial services firms, has announced a stock buy-back program for up to $100 million of its outstanding stock.

The new program supersedes a share repurchase program previously authorized by the company’s board of directors under which Bisys bought back about 3.5 million shares of its common stock at a total purchase price of around $51 million, the company says.