ATLANTA – The recent run-up in tech stocks has benefitted back-office service provider S1 Corp., causing an underwhelming response to the company’s stock buyback. The company reported yesterday that less than 1% of its shares, just 15,955, were tendered at $5.75 each, far less than the 15% or $55 million worth the company had hoped for when the plan was announced March 12. But since then the shares have risen on a sea of takeover speculation from $5.53 to yesterday’s closing price of $6.67.
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