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Article: Merix Corporation Announces Stock Repurchase Program.
- Article from:
- Business Wire
- Article date:
- April 10, 2001
CopyrightCOPYRIGHT 2001 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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Business/High Tech Editors
FOREST GROVE, Ore.--(BUSINESS WIRE)--April 10, 2001
Merix Corporation (Nasdaq:MERX) today announced that its Board of Directors has authorized the company to repurchase up to 650,000 shares of Merix common stock.
The shares may be repurchased in the open market or in private transactions from time to time, depending on market conditions and other considerations, until May 25, 2002. Repurchased shares will return to the status of authorized but unissued shares of common stock.
"This action is indicative of our belief in the long-term value of the company, in our strategy and our growth prospects. Our strong ...