SAN RAFAEL, Calif - Autodesk, Inc today announced that its Board of Directors has approved the repurchase of up to 20 million shares of the company's common stock, in addition to approximately 5.5 million shares remaining under previously authorized share repurchase programs. The repurchase plan helps offset dilution from Autodesk's equity compensation programs.
The stock repurchase authorization does not have an expiration date and the pace and timing of repurchases will depend on factors such as levels of cash generation from operations, the volume of stock option exercises by employees, cash requirements for acquisitions, economic and market conditions, stock price and legal and regulatory requirements.
In the first three quarters of fiscal 2010, Autodesk repurchased approximately 7 million shares of its common stock at an average price of $29.13 per share.
Dec 15, 2010
Popular Articles
- Delcam Sales Partner SEACAM appoints twelfth partner in Brazil
- IMSI Wins InterSystems Breakthrough Application Award
- Stratasys Makes Four More Materials Compatible with Fortus 900mc 3D Production System
- Delcam CADCAM aids diversification at Cimarron
- Surfware's free SURFCAM Student Learning Version Now Available for download
- AWR Acquires Simulation Technology and Applied Research, Inc. (STAAR)
- Autodesk Completes Acquisition of Horizontal Systems, Inc.
- Delcam’s PartMaker CAM helps Orthopaedic International Inc. in the Philippines
- Precision engineering company Alphateq selects Siemens NX-based CAD/CAM solution from Majenta PLM
- Ontario Power Company Uses SolidWorks to Design Ultra-Efficient Natural Gas Plant
