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Mitel sets buyback authorization for 6M shares [Seeking Alpha]

MITEL NETWORKS (MITL)  More Company Research Source: Seeking Alpha
Last mitel networks earnings: 2/22 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.mitel.com
PDF Mitel sets buyback authorization for 6M sharesMitel (NASDAQ:MITL) has authorized a buyback with a limit ofjust over 6M common shares.The Toronto Stock Exchange has accepted a normal course issuer bid for up to 6,006,761 shares, about 5% of outstanding shares.Under a previous NCIB, Mitel had approval to buy up to 7,816,574 shares and actually bought 4,950,979 shares at a weighted average of $7.21. Shares areup 0.8% on Nasdaq today to $8.07.The new arrangement terminates no later than March 8, 2019.Click to subscribe to real-time analytics on MITLNow read:Danger Zone: Investors Who Ignore The Real Earnings Season » [Read more]

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