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Power One to Repurchase $20 million in Common Stock

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By staff-author
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Camarillo-based power conversion manufacturer Power One, Inc. has announced that is Board of Directors has authorized the repurchase of up to $20 million worth of the company’s outstanding shares of common stock over the next 18 months. Shares may be purchased in the open market or in block trades from time at the discretion of the company’s management. The number of shares to be purchased and the timing of the purchases will be based on the level of the company’s cash balances, market and general business conditions.

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