Electronics For Imaging (EFII) Announces $70M Shares Buyback
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Electronics For Imaging, Inc. (Nasdaq: EFII) approved the repurchase of up to $70 million worth of shares of its common stock through the use of a "modified Dutch auction" tender offer.
This approval utilizes the balance of the previously authorized $100 million share repurchase program. EFI currently expects that it will commence the tender offer during the fourth quarter of 2009, at which time it will announce, among other things, the price range in which it will offer to purchase shares.
This approval utilizes the balance of the previously authorized $100 million share repurchase program. EFI currently expects that it will commence the tender offer during the fourth quarter of 2009, at which time it will announce, among other things, the price range in which it will offer to purchase shares.
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