Trimble (TRMB) Commences $75M Accelerated Share Repurchase
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Trimble Announces Accelerated Share Repurchase Program
September 2, 2015 7:00 AM EDTSUNNYVALE, Calif., Sept. 2, 2015 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced the commencement of a $75 million accelerated share repurchase (ASR) with JPMorgan Chase Bank, N.A.
Under the terms of the ASR agreement, Trimble has agreed to repurchase $75 million of its common stock with the majority of the shares to be received shortly following the execution of the ASR transaction. The final number of shares to be repurchased will be based on the volume-weighted average share price of Trimble's common stock during the term of the ASR, minus a... More
