CIMdata PLM Industry Summary Online Archive
21 February 2008
Financial News
Magma Design Automation Authorizes Common Share Repurchase Program
Magma® Design Automation, Inc. announced that its Board of Directors has approved a stock buy-back program authorizing Magma to purchase up to $20 million of its common stock. Any repurchases will be done on the open market at prevailing market prices or in privately negotiated transactions from time to time based upon market and business conditions. The buy-back program may be suspended or discontinued at any time, and will be funded using Magma’s available cash.
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