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Article: Anaren Increases Stock Buy Back Authorization.
- Article from:
- PR Newswire
- Article date:
- August 11, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Anaren, Inc. announced today that its Board of Directors has authorized the repurchase of up to an additional 2 million shares of the Company's outstanding common stock. This authorization is in addition to the 852,500 shares remaining from the Board's previous authorization in November 2003. Anaren intends to repurchase shares from time to time by means of open market purchases and privately negotiated transactions at prevailing market prices. The number of shares purchased, if any, will be dependent upon market conditions. Anaren currently has 20,550,678 shares of common stock outstanding.
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