Sourced by TelecomTV's TRACKER platform
from Adtran Newsroom
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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