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Article: Integrated Circuit Systems Inc. announces continuation of stock repurchase.
- Article from:
- Business Wire
- Article date:
- December 2, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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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VALLEY FORGE, Pa.--(BUSINESS WIRE)--Dec. 2, 1996--Integrated Circuit Systems Inc. (NASDAQ:ICST) announced Monday that its board of directors has authorized the continuation of its repurchase on the open market of up to 1 million shares of common stock at various times over the next 12 months, with the timing and amount of shares repurchased to be determined at the discretion of Integrated Circuit System's management based on its view of prevailing economic and market conditions.
Henry Boreen, chairman and interim chief executive officer, said, "During 1996, the company repurchased approximately 350,000 shares of its common stock. The board's ...