Allot Authorizes $40 Million Share Repurchase Program
MT Newswires Live
Jun 23
Allot (ALLT) said Tuesday its board approved a share repurchase program authorizing the buyback of up to $40 million of the company's ordinary shares.
The company said the repurchases may be made on the Nasdaq and the Tel Aviv Stock Exchange through open-market purchases, privately negotiated transactions or other permitted methods, with funding coming from existing cash resources.
The program does not require Allot to repurchase a specific amount of shares and may be modified, suspended or terminated at any time, it added.
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