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
- 20-20 Technologies in Discussion with the SHD Group
- Automotive Tier-One Suppliers Adopt TPM for Faster, Automated Data Translations
- SpaceClaim to host Presentations by Customers and SpaceClaim Executives on March 24
- Stamping Simulation with AutoForm Cuts the Number of Correction Loops in Half
- 1st Pricing Announces Cloud-Integrated BIM Add-on for ArchiCAD 15
- Femap® From Siemens PLM Software Now Sold Worldwide Through NEi Software's Reseller Network
- HP Upgrades Workstation with AMD's New 'Shanghai` Processor
- Kaman Anticipates Cutting Ply Development Time for Composite Helicopter Blades by Almost 80% with FiberSIM® Software
- Weichai Power Improves Cross Functional and Departmental Collaboration with PTC Windchill
- GibbsCAM 2009 Shipping to Customers
