Aruba Networks Announces $100 Million Increase to Share Repurchase Authorization

SUNNYVALE, Calif.–(BUSINESS WIRE)–Jul. 15, 2013– Aruba Networks, Inc. (NASDAQ: ARUN) today announced that its Board of Directors has authorized the repurchase of up to an additional $ 100 million of its outstanding common stock under its existing share repurchase program. The company recently completed its repurchase of the initial $ 100 million of common stock under the program, which was originally authorized in June 2012. Under the program, purchases may be made from time to time on the open market and will be funded from available working capital. The number of shares to be purchased and the timing of purchases will be based on the price of the company’s common stock, general business…
Aruba Networks News Release