NEENAH, Wis., Feb. 17, 2011 (GLOBE NEWSWIRE) -- Plexus Corp. (Nasdaq:PLXS) announced today that its Board of Directors has approved a new stock repurchase program under which the Company is authorized to repurchase up to $200 million of its common stock. The Board has also authorized the Company to fund the stock repurchase program with existing cash and new long-term debt of up to $200 million. This borrowing transaction is expected to close by the end of the Company's fiscal third quarter, subject to entry into definitive lending agreements.
Plexus Announces New Stock Repurchase Program
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