Comment on Emulex Announces $200M Buyback

Emulex Announces $200M Buyback

NEW YORK (TheStreet) - Emulex announced a $200 million share repurchase, expanded cost savings and board changes in an attempt to boost profitability and shareholder value. The server component specialist, the subject of sale chatter earlier this year, unveiled its capital return plan after market close on Monday. At current market prices, the $200 million share repurchase represents about 30% of the firm's outstanding shares.

 

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