IXYS Corp. (IXYS) Approves 1M Common Buyback
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IXYS Corporation (Nasdaq: IXYS) has authorized an additional stock repurchase program of up to 1,000,000 shares of its common stock, or approximately 3% of the Company’s approximately 31 million shares of common stock currently outstanding. This new program is in addition to the stock repurchase program approved in February 2011, which remains in effect for shares not yet purchased.
The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market through block trades or otherwise. The timing and amount of such repurchases will depend on market conditions.
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The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market through block trades or otherwise. The timing and amount of such repurchases will depend on market conditions.
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