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Korn/Ferry to repurchase $50 million more shares

November 05 2007

Korn/Ferry International Inc. (NYSE: KFY) said it will repurchase up to $50 million more of its shares. The Los Angeles-based search firm had previously approved $125 million in share repurchases. "Given our confidence in the firm's growth prospects and strong cash flows, we believe the repurchase of Korn/Ferry stock provides a very attractive and tax effective way to return capital to our shareholders," said CEO Gary Burnison.

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