II-VI Inc. (IIVI) Thursday said it will buy back $25 million shares. Shares purchased by the company will be retained as treasury stock and will be available for general corporate purposes.
The company expects the repurchase of shares to at least partially offset the dilutive effect of the issuance of shares from the company's omnibus incentive plan. The company will finance the repurchases from cash-on-hand and amounts available under its existing credit facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.