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Magnachip Semiconductor Corp Announces New Stock Repurchase Program


Tuesday, 30 Jul 2013 04:00pm EDT 

Magnachip Semiconductor Corp announced that Board of Directors approved a new stock repurchase program that authorizes MagnaChip to repurchase, from time to time, up to $100 million of its common stock in the period from August 5, 2013, through December 15, 2014. Such purchases may be made in the open market, through block trades, in privately negotiated transactions or otherwise. The new repurchase program replaces MagnaChip's existing repurchase program under which MagnaChip repurchased approximately 4.3 million common shares over six fiscal quarters. 

Company Quote

10.55
0.22 +2.13%
2:04pm EDT