Red Hat Announces $300 Million Stock Repurchase Program

Red Hat, Inc. RHT, the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $300 million of Red Hat's common stock from time to time on the open market or in privately negotiated transactions. The new program begins April 1, 2012, replacing the current repurchase program that will expire on March 31, 2012. To date, approximately $214 million has been used to repurchase shares under the current program.