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Atmel Announces Additional $300 Million to Stock Repurchase Program (ATML)

By Insider Scoop
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Courtesy of Benzinga

Atmel® Corporation (NASDAQ: ATML), a leader in microcontroller and touch solutions, today announced that its Board of Directors has authorized an additional $300 million allocation of funds to its existing common stock repurchase program.

The program authorizes the purchase of Atmel common stock in the open market depending upon market conditions and other factors.  The program does not have an expiration date.  The number of shares repurchased and the timing of repurchases will be based on the level of cash balances, general business and market conditions, regulatory requirements and other factors, including alternative investment opportunities.  

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


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