Cabot Micro Okays Share Repurchase

Cabot Microelectronics says its board of directors has approved a $75 million share repurchase program. Under the program, repurchases will be made “from time to time, depending on market conditions, in open market transactions.” The program will be funded from available cash. The company has about 24 million outstanding shares, which were trading at $35.82/share at CW press time. The company completed a $40-million share repurchase during its fiscal first quarter...

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