Audiocodes Ltd (AUDC) Approves $15M Buyback Program

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Go back to Audiocodes Ltd (AUDC) Approves $15M Buyback Program

AudioCodes Announces Authorization of Additional Share Repurchase Program

March 22, 2017 9:25 AM EDT

LOD, Israel, March 22, 2017 /PRNewswire/ --

AudioCodes (Nasdaq: AUDC), a leading provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks, today announced that its Board of Directors has approved a program to repurchase up to $15 million of its Ordinary Shares, NIS 0.01 nominal value. The court approval for AudioCodes' existing repurchase program is scheduled to expire on April 25, 2017. Accordingly, AudioCodes will file a motion tomorrow seeking a new court approval in Israel for repurchases of up to an additional $15 million of... More