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Fortinet Wants to Repurchase up to $200M / €145M Worth of Stock

11
Dec
2013

The board of directors of network security appliances and UTM solutions provider Fortinet is confident in the companys long-term strength and strategy, so it has decided to start a share repurchase program.

Up to $200 million (145 million) worth of stock will be bought through December 31, 2014.

The repurchases can be made in both privately negotiated or in open market transactions. The number and value of shares that will be repurchased depends on facto…

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