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Stock Market & Financial Investment News

News Breaks
November 20, 2012
09:03 EDTTLABTellabs to resume repurchase of common shares
Tellabs intends to actively repurchase its common stock under an existing board authorization, previously announced on Nov. 8, 2007. The company may repurchase up to $224.6M under the previously announced repurchase program. The stock repurchase will follow guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934. The repurchase program will involve the purchase of common shares from time to time at the prevailing market price, starting as early as Nov. 26.
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