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News
7 March 2008
RFMD repurchase 10% of outstanding shares
RF Micro Devices Inc of Greensboro, NC, USA says that, by the close of business on 29 February, it had repurchased about 30 million shares at an average price per share of $3.27 (costing about $100m in total). This reduces by about 10% the number of outstanding shares of its stock to 262 million.
This follows RFMD’s announcement on 31 January that its board of directors had authorized the repurchase of up to $150m of its outstanding common stock over the next 24 months.
See related items:
RFMD loss follows dip in China GSM/GPRS demand
RFMD reports late-quarter drop in demand
RFMD completes Sirenza acquisition and launches Multi-Market Products Group
Search: RFMD
Visit: www.rfmd.com
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