Industry | 2012.06.16
HARMAN Provides Update on Share Buyback Program
STAMFORD, Conn.--(BUSINESS WIRE)--Harman International Industries, Incorporated (NYSE: HAR) today provided an update on its previously announced $200 million share repurchase program. As of June 14, 2012, the Company has repurchased just over $100 million of Company common stock, which represents more than half of the amount authorized by our Board in October 2011. Dinesh C. Paliwal, President, Chairman, and CEO of Harman, commented, “We believe the repurchase of our shares represents a sound in
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