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Stock impact report

Veeco Authorizes $100 Million Share Repurchase Program

Veeco Instruments Inc. (VECO) 
Last veeco instruments inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.veeco.com/home/default.aspx
Company Research Source: Marketwire
PLAINVIEW, NY -- (Marketwired) -- 12/11/17 -- Veeco Instruments Inc. (NASDAQ: VECO) announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company's outstanding common stock to be completed over the next two years. Repurchases are expected to be made from time to time on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. The timing of repurchases and the exact number of shares of common stock to be purchased will depend upon market conditions, SEC regulations, and other factors. The repurchases will be funded using the Company's available cash balances and cash generated from future operations. The program does not obligate the Company to acquire any particular amount of common stock and may be modified or suspended at any time at the Company's discretion. "The repurchase program underscores our confidence in longer term growth prospects and our commitment to enhance shareholder Show less Read more
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