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

Article Stock Quotes (1) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
• Sprint (S), SoftBank Receive Final State Regulatory Approval in Proposed Deal
• Flushing Financial (FFIC) Announces 1M Share Buyback

Create E-mail Alert Related Categories

Corporate News, Stock Buybacks

Related Entities

Stock Buyback

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?