MRV Communications Inc Announces $10 Million Share Repurchase Authorization; Special Cash Dividend of $0.07 per Share of Common Stock

MRV Communications Inc announced that its Board of Directors has authorized a share repurchase program for up to $10 million. The Company also announced that its Board of Directors has declared a special cash dividend on the Company's Common Stock of $0.07 per share, payable December 21, 2012 to stockholders of record as of the close of business on December 14, 2012. The aggregate amount of payment to be made in connection with this special dividend will be approximately $11 million.