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Extreme Networks Jumps on $100 Million Self-Tender

in News on August 11, 2008 at 7:00 am PT

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.