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Stock Market & Financial Investment News

News Breaks
March 4, 2014
08:32 EDTRVBDRiverbed expands stock repurchase program by $250M
Riverbed Technology announced that its board of directors approved a $250M increase to the company’s share repurchase program first announced August 19, 2011. The total authorized repurchase amount under the program is now $750M. “We believe the current share price understates the strength of Riverbed’s long-term growth prospects,” said Jerry M. Kennelly, Riverbed’s CEO. “This expansion of our stock repurchase program underscores the confidence we have in our business, and demonstrates our continued commitment to maximizing value for our shareholders.”
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