VMware‘s board has authorized a $550 million Class A common stock repurchase plan that will extend through the end of 2012, the company said Monday.
The company said the stock will be purchased in the open market or through private transactions, subject to market conditions.VMware expects the equity purchase program to help offset dilution from its equity programs.
VMware also said its current $400 million stock repurchase program, originally announced in March 2010, will be completed in March 2011.
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