MRV Communications (MRVC) Approves $10M Common Stock Buyback Plan
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MRV Board Authorizes $10 Million Share Repurchase Plan
March 15, 2016 4:05 PM EDTCHATSWORTH, Calif.--(BUSINESS WIRE)-- MRV Communications (NASDAQ: MRVC), a provider of innovative solutions to service providers and data center operators, announced MRVs Board of Directors has authorized a share repurchase program for up to $10 million.
The stock repurchase program will be operated in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the Exchange Act). In connection therewith, MRV is entering into a stock repurchase plan under Rule 10b5-1 of the Exchange Act to facilitate the repurchase of its Common Stock. Purchases of... More
