Saba Software to repurchase up to $5 million worth of its shares

Saba to buy back up to $5M worth of stock

REDWOOD SHORES, Calif. — Saba Software Inc. said Thursday that its board approved a plan to buy back up to $5 million worth of its common shares.

The employee management software company said it may repurchase stock through private or open market transactions. It did not set a date for the end of the buyback plan.

Saba shares rose 11 cents to close at $5.66.