Anaren Increases Stock Buy Back Authorization
May 14 2012 - 8:53AM
Anaren, Inc. (Nasdaq:ANEN) announced today that its Board of
Directors has authorized the repurchase of up to an additional 1
million shares of the Company's outstanding common stock. This
authorization is in addition to the approximately 680,000 shares
remaining from the Board's previous authorization in May 2011.
Anaren intends to repurchase shares from time to time by means of
open market purchases and privately negotiated transactions at
prevailing market prices. The number of shares purchased, if any,
will be dependent upon market conditions. Anaren currently has
approximately 14,800,000 shares of common stock outstanding.
Forward-Looking Statements
The statements contained in this news release which are not
historical information are "forward-looking statements." These, and
other forward-looking statements, are subject to business and
economic risks and uncertainties that could cause actual results to
differ materially from those discussed. If any business and
economic risks and uncertainties actually occur, our business could
be adversely affected, and the trading price of our common stock
could decline, and you may lose all or part of your investment. You
are encouraged to review Anaren's 2011 Annual Report, Anaren's Form
10-K for the fiscal year ended June 30, 2011 and exhibits to those
Reports filed with the Securities and Exchange Commission to learn
more about the various risks and uncertainties facing Anaren's
business and their potential impact on Anaren's revenue, earnings
and stock price. Unless required by law, Anaren disclaims any
obligation to update or revise any forward-looking statement.
Company Background
Anaren designs, manufactures and sells complex microwave
components and subsystems for the wireless communications,
satellite communications and defense electronics markets. For more
information on Anaren's products, visit our Web site at
www.anaren.com.
The Anaren, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5360
CONTACT: John Hoeschele
Marketing Communications & Government Relations Manager
315-362-0453
Joseph Porcello, VP-Accounting
315-362-0514
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