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Anaren authorizes increased stock buyback
Nov 12, 2012 (TELECOMWORLDWIRE via COMTEX) --
The board of directors of Anaren, Inc. (NASDAQ: ANEN) has authorized the repurchase of up to an additional 1.5 million shares of the company's outstanding common stock.
This authorization is in addition to the approximately 40,000 shares remaining from the board's previous authorization in May, 2012. Anaren intends to repurchase shares from time to time by means of open market purchases and privately negotiated transactions at prevailing market prices. The number of shares purchased, if any, will be dependent upon market conditions. Anaren currently has approximately 13,371,000 shares of common stock outstanding.
Anaren designs, manufactures and sells complex microwave components and subsystems for the wireless communications, satellite communications and defense electronics markets. For more information on Anaren's products, visit our Web site at www.anaren.com.
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