Electrical and electronic products maker
said its board authorized the repurchase of up to $100 million of its Class A and Class B shares. The program will be implemented through open market and privately negotiated transactions.
The timing of buyback will depend on a variety of factors including market conditions, but the company expects to complete the program over a three year period, it said. The repurchase program will be implemented upon completion of the current $60 million repurchase program announced in June 2005, which has a remaining authorization of about $25 million.
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