Sanmina (SANM) Higher on New $100M Share Buyback Plan

March 12, 2013 11:08 AM EDT
Shares of Sanmina (NASDAQ: SANM) are reacting positively to news the Board of Directors has authorized a stock repurchase program of up to $100 million worth of the Company's common stock.

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.

Shares of SANm last traded at $11.81, up 3.8 percent.

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