HOUSTON (AP) -- Business management software maker BMC Software Inc. said Monday its board authorized the repurchase of up to $1 billion of the company's shares, in addition to a $171.1 million authorization remaining under a previous buyback plan. Repurchases may be made from time to time in the open market or through private transactions, subject to market conditions.
BMC Software currently has about 201.3 million shares outstanding, worth $5.65 billion at current prices.
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