Benchmark Electronics (BHE) Approves $100M Buyback Plan
Tweet Send to a FriendGet Alerts BHE Hot Sheet
Up)
Trade BHE Now!
Benchmark Electronics, Inc. (NYSE: BHE), has approved the repurchase of up to $100 million of the Company's outstanding common shares.
This repurchase program is in addition to the current, active 2010 repurchase program in which the Company is authorized to purchase up to $100 million of the Company's outstanding common shares. Share repurchases under both programs may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company's management, and as market conditions warrant. During 2012, the Company has repurchased 1,345,000 shares totaling $19.5 million. The timing and amount of specific repurchases are subject to the requirements of the Securities and Exchange Commission, market conditions, alternative uses of capital and other factors. The Company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the Company to repurchase the shares at times when it might otherwise be prevented from doing so under certain securities laws. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program will be retired.
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
This repurchase program is in addition to the current, active 2010 repurchase program in which the Company is authorized to purchase up to $100 million of the Company's outstanding common shares. Share repurchases under both programs may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company's management, and as market conditions warrant. During 2012, the Company has repurchased 1,345,000 shares totaling $19.5 million. The timing and amount of specific repurchases are subject to the requirements of the Securities and Exchange Commission, market conditions, alternative uses of capital and other factors. The Company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the Company to repurchase the shares at times when it might otherwise be prevented from doing so under certain securities laws. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program will be retired.
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
- SEI Investments Co (SEIC) Declares $0.20 Semi-Annual Dividend, Increases Buyback
- Elliott Management: Dividend, Buyback are 'Positive Steps' for NetApp (NTAP)
Create E-mail Alert Related Categories
Stock Buybacks
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
