March 7, 2018 / 11:44 PM / 3 months ago

BRIEF-Benchmark Electronics Expands Stock Repurchase Program

March 7 (Reuters) - Benchmark Electronics Inc:

* BENCHMARK ELECTRONICS ANNOUNCES EXPANSION OF STOCK REPURCHASE PROGRAM TO $250M AND INITIATION OF A QUARTERLY CASH DIVIDEND

* BENCHMARK ELECTRONICS - ‍BOARD OF DIRECTORS APPROVED EXPANDED STOCK REPURCHASE PROGRAM GRANTING CO AUTHORITY TO REPURCHASE UP TO $250 MILLION IN COMMON STOCK​

* ‍WILL REPURCHASE A MINIMUM OF $100 MILLION IN 2018​

* BENCHMARK ELECTRONICS - ‍INTENDS TO REPURCHASE $50 MILLION OF $100 MILLION THROUGH AN ACCELERATED SHARE REPURCHASE PROGRAM WITH GOLDMAN SACHS & CO. LLC​

* ‍UNDER TERMS OF ASR EXECUTED , BENCHMARK’S OUTSTANDING COMMON STOCK WILL BE REDUCED BY APPROXIMATELY 1.6 MILLION SHARES​

* ‍HAS $230 MILLION CREDIT FACILITY THAT MATURES IN NOVEMBER 2020​ Source text for Eikon: Further company coverage:

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