Plexus (PLXS) announced today that its Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to $50 million of its common stock beginning upon expiration of the Company’s previous share repurchase program. Patrick Jermain, Executive Vice President and Chief Financial Officer, commented, “This repurchase program reflects our commitment to maximizing total shareholder return and our disciplined focus on delivering superior financial performance.
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