TriQuint Announces $75 Million Stock Repurchase Program
Today : Wednesday 15 May 2013
TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced a program authorizing the repurchase of up to $75 million of the Company's common stock.
Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company is not obligated to repurchase any particular amount of common stock during any period and may choose to suspend or discontinue the repurchase program at any time.
Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares. As of May 14, 2013, the Company has approximately 163.3 million shares of common stock outstanding.
