VMware to buyback up to $500 mln of common stock
Virtualization and cloud infrastructure firm VMware, Inc. (NYSE: VMW) said its board has authorized the purchase of up to $550 million of its Class A common stock through the end of 2012.
The company expects the equity purchase program to help partially offset dilution from its equity programs.
VMware added its current $400 million stock repurchase program, originally announced March 2, 2010, is anticipated to be completed in March 2011.
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