LSI Corporation (LSI) Announces $500M Stock Buyback Plan

August 2, 2012 9:03 AM EDT
LSI Corporation (NYSE: LSI) announced that its Board of Directors has authorized the repurchase of up to $500 million of its common stock, with repurchases to be funded with available cash and short-term investments.

This new program is in addition to the $75 million that remained available under the company's existing $750 million authorization as of the end of second quarter.

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