Germany's Software AG to buy back shares worth up to 180 million euro

FRANKFURT Thu Feb 7, 2013 2:38pm EST

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FRANKFURT (Reuters) - Software AG (SOWG.DE) on Thursday said it will buy back shares worth up to 180 million euros ($241.01 million).

The buyback will take place by December 31, 2013, the company said in a regulatory filing. Software AG currently has 316 million euros on its balance sheet, the company said.

(Reporting By Edward Taylor)

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