Viavi Solutions (VIAV) Raises Stock Buyback Plan to $150M; Reaffirms Outlook
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Viavi Increases Common Stock Repurchase Program from $100 Million to $150 Million, Reaffirms Business Outlook and Announces Analyst Day Webcast
September 15, 2016 7:00 AM EDTMILPITAS, Calif., Sept. 15, 2016 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("Viavi"), announced today that its Board of Directors has authorized the Company to increase its stock repurchase program from up to $100 million to up to $150 million of the Company's common stock through open market or private transactions before December 31, 2017. The $50 million increase in authorized repurchases is in addition to the $100 million repurchase program announced by the Company in February 2016, under which approximately $25 million has been repurchased as of September 14, 2016.  The Board also extended the period during which repurchases can be made under the... More
