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Lotus will repurchase 1.5 million of its own shares.

August 13, 1986

Lotus Development Corp. said its second buyback program would repurchase about 10% of the company's outstanding common stock. Last month Lotus completed a previous share repurchase plan begun in February, in which the company bought 1.65 million shares. The computer software and information services company said it would partly finance the stock repurchase through a $30-million debt offering.

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