UPDATE: Diligent shares climb as it mulls capital return on rising cash balance

Thu, 06 Nov 2014

(Recasts story, updates with comment, share price throughout) By Suze Metherell Nov. 7 (BusinessDesk) - Diligent Board Member Services, the governance app developer, is mulling a capital return after its cash balance swelled 8.4 percent in the third quarter and it lifted its full-year profit forecast. The shares rose to the highest in more than a year. The New York-based, NZX-listed company held US$66.8 million in cash and cash equivalents and had no debt, according to its quarterly update. Diligent's shares have gained some 27 percent...

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