PMC (PMCS) Enters $160M Accelerated Buyback with Goldman

PMC (Nasdaq: PMCS), has entered into an Accelerated Stock Buyback agreement (“ASB agreement”) with Goldman, Sachs & Co. (“Goldman”) to repurchase an aggregate of $160 million of PMC common stock. The Company will acquire these common shares as part of its $275 million stock repurchase program announced on March 13, 2012.

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