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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:34 EDTSNXSYNNEX announces stock repurchase program
SYNNEX announced that its board approved an anti-dilution share repurchase program under which it will begin purchasing up to $100M of its Common Stock over a period of up to three years for the purpose of mitigating or reducing the dilution resulting from the various employee stock incentive and employee stock purchase programs. Any stock repurchases may be made through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
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