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Tellabs announces $600 million share repurchase in wake of CEO departure

Tellabs (NASDAQ: TLAB) announced an increase of $600 million for the company’s common stock repurchase program, in addition to a remaining $176 million under a repurchase program authorized in July 2006. Together, the authorizations cover about 22% of Tellabs shares outstanding. Since 2005, Tellabs has repurchased 50.9 million shares at a cost of $513.9 million (about [...]

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