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Radiant Logistics announces buyback up to 3M shares

Radiant Logistics announced that its board of directors has authorized the repurchase of up to three million shares of the company's common stock through the end of 2013. As of September 30, 2012, the company had 33,041,430 shares outstanding. The share repurchase will be funded using the company's existing cash balance, future free cash flow and its revolving credit facility, which had $13M of additional availability as of October 31.