Black Box Corporation Announces Increase in Share Repurchase Program
November 13 2006 - 2:25PM
Business Wire
Black Box Corporation (NASDAQ:BBOX) today announced that its Board
of Directors approved an increase of 1,000,000 shares under the
existing Black Box common stock repurchase program. With this
increase, Black Box now has authorization to repurchase
approximately 1,125,000 of its shares, or approximately 6.5% of the
shares outstanding as of November 13, 2006. �Consistent with our
positive cash flow, we remain committed to our stock repurchase
program. Since the inception of the program in 1999, we have
repurchased approximately 7,376,000 of our shares for an aggregate
consideration of $315�million,� comments Fred C. Young, Chief
Executive Officer. Black Box is the world�s largest technical
services company dedicated to designing, building and maintaining
today�s complicated data and voice infrastructure systems. Black
Box services 175,000 clients in 141 countries with 170 offices
throughout the world. To learn more, visit the Black Box website at
www.blackbox.com. Black Box and the Double Diamond logo are
registered trademarks and DVH is a trademark of BB Technologies,
Inc. Black Box Corporation (NASDAQ:BBOX) today announced that its
Board of Directors approved an increase of 1,000,000 shares under
the existing Black Box common stock repurchase program. With this
increase, Black Box now has authorization to repurchase
approximately 1,125,000 of its shares, or approximately 6.5% of the
shares outstanding as of November 13, 2006. "Consistent with our
positive cash flow, we remain committed to our stock repurchase
program. Since the inception of the program in 1999, we have
repurchased approximately 7,376,000 of our shares for an aggregate
consideration of $315 million," comments Fred C. Young, Chief
Executive Officer. Black Box is the world's largest technical
services company dedicated to designing, building and maintaining
today's complicated data and voice infrastructure systems. Black
Box services 175,000 clients in 141 countries with 170 offices
throughout the world. To learn more, visit the Black Box website at
www.blackbox.com. Black Box and the Double Diamond logo are
registered trademarks and DVH is a trademark of BB Technologies,
Inc.
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