Printer Friendly

TEKTRONIX TO REPURCHASE SHARES

WILSONVILLE, Ore., March 8 /PRNewswire/ -- Tektronix, Inc. (NYSE: TEK) today announced its intent to repurchase common shares under its stock repurchase program first announced in March 1993 and expanded in June 1994. Under this program the company has remaining authority from its Board of Directors to repurchase up to 1.5 million shares. Repurchased shares will be used to offset share issuances from the exercise of options under the company's stock incentive programs. Purchases will be made from time to time in the open market.

Tektronix is a portfolio of measurement, color printing, and video and networking businesses dedicated to applying technology excellence to customer challenges. Tektronix is headquartered in Wilsonville, Oregon and has operations in 23 countries outside the United States. Founded in 1946, the company had revenues of $1.5 billion in fiscal 1995.
 -0- 3/8/96


/CONTACT: Media Contact: Shelley Marchesi, 503-685-4086, or Analyst Contact: Doug Shafer, 503-685-4111, both of Tektronix, Inc./

(TEK)

CO: Tektronix, Inc. ST: Oregon IN: CPR SU:

JF -- SEF009 -- 1652 03/08/96 14:21 EST
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 8, 1996
Words:174
Previous Article:ALEXANDER & ALEXANDER ACQUIRES AUSTRALIAN BROKER AIBA LIMITED
Next Article:CONCENTRIC NETWORK CORPORATION NAMES SCOTT G. EAGLE VICE PRESIDENT OF MARKETING
Topics:

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters