NetApp (NTAP) Announces $400M Accelerated Share Buyback Plan
Tweet
Share
E-mailGet Alerts NTAP Hot Sheet
Price: $192.27 -0.28%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +17.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +17.3%
Join SI Premium – FREE
NetApp (Nasdaq: NTAP) disclosed that after market close on August 19, 2011, the company entered into a collared accelerated share repurchase agreement with Wells Fargo Bank, National Association, under which the Company will repurchase approximately $400,000,000 of its shares of common stock, the final number of shares subject to adjustment described below.
The Company will acquire these common shares under the existing share repurchase program authorized by its Board of Directors.
The Company will acquire these common shares under the existing share repurchase program authorized by its Board of Directors.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reitar Logtech launches $3M share repurchase program
- Havas repurchases 5,000 shares under €50M buyback program
- Kaleon buys back 1,165 shares for €4,593 under buyback programme
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock Buyback, Wells FargoSign 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!
