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Adobe To Repurchase $2 Billion Of Stock

adobe

Adobe is pursuing a new stock repurchase program where the company plans to repurchase up to $2 billion in common stock, through the end of fiscal 2017. The company says it will repurchase shares in the open market and also enter into structured repurchase agreements with third parties. The new stock repurchase program is substantially similar to the company’s previous program authorizing the repurchase of up to $2 billion in common stock through fiscal 2015.

[Image courtesy: Adobe]

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