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II-VI Inc announces share repurchase program


Tuesday, 5 Aug 2014 06:55am EDT 

II-VI Inc:Directors has authorized to implement new share repurchase program for up to $50 mln of its common stock.Repurchases may be made from time to time in open market or in privately negotiated transactions as permitted by federal and state securities laws, including Rule 10b-18 of the Securities Exchange Act.Company may suspend or discontinue this repurchase program at any time.Shares repurchased by company will be retained as treasury stock and will be available for general corporate purposes.Company expects repurchase of shares to at least partially offset dilutive effect of the issuance of shares from the Company's current Omnibus Incentive Plan, and will finance the repurchases from cash-on-hand and amounts available under the Company's existing credit facility. 

Company Quote

13.77
-0.11 -0.79%
9:37am EST