Sanmina (SANM) Approves $150M Stock Buyback Plan

September 12, 2016 5:00 PM EDT

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Sanmina Corporation (Nasdaq: SANM) announced that its Board of Directors has authorized a stock repurchase program of up to $150 million worth of the Company's common stock.

The new program will take effect upon completion of the Company's current program. As of today, approximately $63 million remains available under the current program approved by the Board in September 2015.

The stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares will depend upon the market conditions and other factors. Share repurchases, if any, will be made in the open market, through 10b5-1 programs or in negotiated transactions off the market. Repurchases under the program may be commenced or suspended at any time without prior notice.



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