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Tech Data Corp Announces $100 Million Share Repurchase Program


Wednesday, 30 May 2012 01:15pm EDT 

Tech Data Corp announced that its Board of Directors has authorized a share repurchase program of up to $100 million of the Company's common stock. Since 2005, the Company has purchased $1 billion of Tech Data stock, buying back 24.5 million shares to date. The company's share repurchases will be made on the open market, through block trades, through 10b5-1 plans or otherwise. The amount of shares purchased and the timing of the purchases will be based on regulatory requirements, working capital needs, general business conditions and other factors, including alternative investment opportunities. The company intends to hold the repurchased shares in treasury for general corporate purposes. 

Company Quote

63.64
-0.35 -0.55%
17 Apr 2014