Arrow Electronics, Inc. (ARW: Quote) Tuesday said it has received approval from its Board of Directors for repurchasing up-to additional $200 million of common stock through a share repurchase program.
The program can be terminated at any time. The company may enter into Rule 10b5-1 plan, which generally permits the company to repurchase shares at times when it might otherwise be prevented from doing so under certain securities laws.
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by RTT Staff Writer
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