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Rambus
Inc. RMBS today announced it has initiated an accelerated
share repurchase program with Citibank, N.A. to repurchase an aggregate
of approximately $100 million of its common stock, with an initial
delivery of approximately 7,812,500 shares.
"This share repurchase program showcases the confidence we have in our
strategic programs and the growth we believe they will ultimately
create," said Dr. Ron Black, president and chief executive officer at
Rambus. "We believe this buy-back program highlights our ability to
continue the investment in critical technology areas while delivering
shareholder value."
Under the accelerated share repurchase program, Rambus will pre-pay to
Citibank, N.A.
See full press release
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