ADTRAN, Inc. Announces Additional Five Million Share Repurchase Plan

HUNTSVILLE, Ala.--(BUSINESS WIRE)--Jul. 14, 2015-- ADTRAN, Inc. (NASDAQ:ADTN) announced that its Board of Directors has authorized the repurchase of an additional 5,000,000 shares of the Company’s common stock to commence upon completion of the repurchase plan announced May 19, 2014. There are 1,869,498 shares remaining to be repurchased under the May 2014 plan. Upon completion of the current plan, the new plan will be implemented through open market or private purchases from time to time as conditions warrant.

This content extract was originally sourced from an external website (Adtran Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.