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ADTRAN, Inc. Announces Additional Five Million Share Repurchase Plan

Via Adtran Newsroom

Jul 15, 2015

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.

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