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Article: Garmin Ltd. Announces Share Repurchase Program.
- Article from:
- PR Newswire
- Article date:
- August 4, 2006
CopyrightCOPYRIGHT 2006 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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CAYMAN ISLANDS, Aug. 4 /PRNewswire-FirstCall/ -- Garmin Ltd. announced today that its board of directors has approved a share repurchase program authorizing the company to purchase up to 1.5 million common shares of Garmin Ltd. (equivalent to 3 million shares after the August 15, 2006 effective date of the company's two-for-one stock split) as market and business conditions warrant.
The purchases may be made from time to time on the open market or in negotiated transactions in compliance with Rule 10b-18 of the United States Securities and Exchange Commission. The timing and amounts of any purchases will be determined by the company's management depending on ...