SAN FRANCISCO (Thomson Financial) - Ikanos Communications Inc. said late
Friday it has purchased one million shares of its common stock from an
institutional investor for $3.15 each.
The Fremont, Calif.-based chipmaker said the private transaction was
executed as part of the repurchase program it announced on April 24 and reduced
the company's outstanding share count by roughly 3.4%.
Shares of Ikanos closed at $3.56.
Gabriel Madway
gm
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