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Extreme Networks Jumps on $100 Million Self-Tender

Extreme Networks (EXTR) shares are on the rise this morning after the company announced plans to buy back $100 million of its common stock at a price between $3.30 to $3.70 a share in a “modified Dutch auction” tender offer that will start today and expire Sept. 12.

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Update: Extreme In "Serious" Talks With Bidder, JMP Says

A quick update on my post yesterday regarding rumors that Extreme Networks (EXTR) might be acquired by privately held Enterasys. In a research note yesterday, JMP Securities analyst Samuel Wilson wrote that “sources suggested to us that at least one interest party has stepped forward to begin serious discussions with the company.”

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What's Up With Extreme Networks?

Is something going on with Extreme Networks (EXTR)? The networking hardware company’s shares today have jumped 18 cents, or 5.9%, to $3.25; volume totals 2.56 million shares, about triple the daily average.