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News Breaks | | | | October 24, 2012 | | 08:15 EDT |  | PRGS | Progress Software adopts 10b5-1 repurchase plan to repurchase $250M of shares
Progress Software announced that it has adopted a Rule 10b5-1 share repurchase plan for the purpose of repurchasing up to $250M of its common stock as part of the Company's previously announced $350M repurchase authorization. The plan is effective from October 24, 2012 until June 30, 2013 or, if earlier, upon the repurchase of $250M of the Company’s common stock under the plan. | |
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