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Mass. Movers

Forrester says it will repurchase shares

Cambridge-based Forrester’s research and advisory clients are as diverse as those in defense and aerospace, hotels, and telecom.

Cambridge-based Forrester’s research and advisory clients are as diverse as those in defense and aerospace, hotels, and telecom.

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Forrester Research Inc. plans to begin this week a “modified Dutch auction” self-tender offer to repurchase up to $130 million worth of its common stock. The price range will be $32 to $36. The stock has been on an upward trend for the past month and a half and closed on Monday $1.38 short of its 52-week high. Directors and executives have advised Forrester of their intention not to tender shares.

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