Black Box Corporation Announces Increase in Share Repurchase Program.PITTSBURGH -- Black Box Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BBOX) today announced that its Board of Directors approved an increase of 1,000,000 shares under the existing Black Box common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. With this increase, Black Box now has authorization The right or permission to use a system resource; the process of granting access. See access control. to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. approximately 1,125,000 of its shares, or approximately 6.5% of the shares outstanding as of November 13, 2006. "Consistent with our positive cash flow, we remain committed to our stock repurchase program. Since the inception of the program in 1999, we have repurchased approximately 7,376,000 of our shares for an aggregate consideration of $315 million," comments Fred C. Young, Chief Executive Officer. Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 175,000 clients in 141 countries with 170 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com. Black Box and the Double Diamond logo are registered trademarks and DVH DVH Dose-Volume Histogram DVH De Vliegende Hollander DVH Department for the Visually Handicapped DVH Division for Visually Handicapped is a trademark of BB Technologies, Inc. |
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