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15.12.2016 04:21:23
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Arrow Electronics To Repurchase Up To Addl $400 Mln Of Common Stock
(RTTNews) - Arrow Electronics Inc. (ARW) announced that its Board approved the company to repurchase up to an additional $400 million of common stock through a share repurchase program. The company has spent approximately $1.4 billion on share repurchases since the beginning of 2012.
The company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the company to repurchase shares at times when it might otherwise be prevented from doing so under certain securities laws.
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