CyberOptics Corporation Announces Stock Repurchase Program.MINNEAPOLIS -- CyberOptics 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 :CYBE) announced today that its board authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the 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. of up to 500,000 additional shares of its common stock under a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. The Company said that the purchases will be made at prevailing prices in the open market, by block purchases, or in private transactions. The new authorization represents roughly 5.5% of the approximately 8.9 million shares of common stock outstanding. The Company indicated that it would use the repurchased shares to satisfy employee stock plans and for other corporate purposes. About CyberOptics Founded in 1984, CyberOptics is a recognized leader in process yield and through-put improvement solutions for the global electronics assembly and semiconductor capital equipment markets. Headquartered in Minneapolis, CyberOptics also has operations in Portland, Oregon, Asia and Europe. |
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