AOL Chief Armstrong Buys $10 Million of Stock

AOL Inc. Chairman and Chief Executive Tim Armstrong spent $10 million to boost his stake in the Internet company, signaling his confidence in an ongoing restructuring and giving a boost to the stock price Monday.

Mr. Armstrong bought 477,000 shares of AOL Friday at an average price of $20.97, for a total cost of more than $10 million, according to a Securities and ...

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