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Harris Corporation
Harris Corporation Announces New $600 Million Share Repurchase Program
March 22nd, 2009
The Board of Directors of Harris Corporation (NYSE:HRS), an international communications and information technology company, has approved a new $600 million share repurchase program. The share repurchase program announced is in addition to the company's existing share repurchase authorization of $600 million, which currently has a remaining authorization of about $50 million. "We are very pleased to announce this new share repurchase program," said Howard L. Lance, chairman, president, and CEO. "Our new share repurchase program recognizes our solid financial position and continuing strong cash flow from operations. We expect to repurchase shares in balance with market...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-22)
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