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Cirrus Logic Inc. Message Board

  • jordanriver88 jordanriver88 May 24, 2013 7:45 AM Flag

    Question about buyback.....

    this is from their website. Have they done a reauthorization for repurchase since this answer?

    Question 06/23/2011: The company has repurchased roughly 3.5 million shares at $15.80 according to the 10K. There's roughly $25 million left to purchase. Has the company exhausted this? Will the company ask the BOD for another increase in a new stock purchase plan?
    Answer:
    For the period between March 27, 2011 and May 24, 2011, the company repurchased approximately 3.5 million shares at an approximate total cost of $55.3 million. That's the status as of the filing of the 10K and additional updates will be made as required. Additional repurchase authorizations will be considered by the Board as it deems appropriate and announced if and when they have been approved.

 
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