ADTRAN, Inc. Announces Additional Five Million Share Repurchase Plan
July 14 2015 - 8:45PM
Business Wire
ADTRAN, Inc. (NASDAQ:ADTN) announced that its Board of Directors
has authorized the repurchase of an additional 5,000,000 shares of
the Company’s common stock to commence upon completion of the
repurchase plan announced May 19, 2014. There are 1,869,498 shares
remaining to be repurchased under the May 2014 plan. Upon
completion of the current plan, the new plan will be implemented
through open market or private purchases from time to time as
conditions warrant.
ADTRAN, Inc. is a leading global provider of networking and
communications equipment. ADTRAN’s products enable voice, data,
video and Internet communications across a variety of network
infrastructures. ADTRAN solutions are currently in use by service
providers, private enterprises, government organizations, and
millions of individual users worldwide. For more information,
please visit www.adtran.com.
For more information, contact the company at 800 9ADTRAN (800
923-8726) or via email at info@adtran.com. On the Web, visit
www.adtran.com.
This press release contains forward-looking statements which
reflect management’s best judgment based on factors currently
known. However, these statements involve risks and uncertainties,
including the successful development and market acceptance of new
products, the degree of competition in the market for such
products, the product and channel mix, component costs,
manufacturing efficiencies, and other risks detailed in our annual
report on Form 10-K for the year ended December 31, 2014 and Form
10-Q for the quarter ended March 31, 2015. These risks and
uncertainties could cause actual results to differ materially from
those in the forward-looking statements included in this press
release.
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version on businesswire.com: http://www.businesswire.com/news/home/20150714006776/en/
ADTRAN, Inc.Mike Foliano, 256-963-8885Senior Vice President/
Interim CFOorINVESTOR SERVICES/ASSISTANCE:Gayle Ellis,
256-963-8220
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