Rambus Announces New Stock Repurchase Program
January 26 2015 - 4:05PM
Business Wire
Board of directors authorizes repurchase of up
to 20 million shares
Rambus Inc. (NASDAQ:RMBS) today announced that its board of
directors has approved a new share repurchase program authorizing
the repurchase of up to 20 million shares.
“As we continue to execute on our strategic programs, we remain
confident in our long-term prospects,” said Dr. Ron Black,
president and chief executive officer at Rambus. “Under this new
repurchase program, we will buy back shares opportunistically and
strategically while maintaining our commitment of delivering
shareholder value.”
Share repurchases under the plan may be made through the open
market, established plans or privately negotiated transactions in
accordance with all applicable securities laws, rules, and
regulations. There is no expiration date applicable to the
plan.
This new stock repurchase program replaces the existing program
and cancels the 5.2 million shares outstanding as part of the
previous authorization.
About Rambus Inc.
Rambus brings invention to market. Our customizable IP cores,
architecture licenses, tools, services, and training improve the
competitive advantage of our customer’s products while accelerating
their time-to-market. Rambus products and innovations capture,
secure and move data. For more information, visit rambus.com.
Rambus Inc.Linda Ashmore, 408-462-8411Corporate
Communicationslashmore@rambus.com
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