Methode Electronics (MEI) Board Authorizes $100 Million Share Buyback Program

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Go back to Methode Electronics (MEI) Board Authorizes $100 Million Share Buyback Program

Methode Electronics’ Board Authorizes $100 Million Share Buyback Program

March 31, 2021 4:05 PM EDT

CHICAGO, March 31, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has authorized a new share buyback program.

The board of directors authorized the purchase of up to $100 million of its outstanding common stock through March 31, 2023. Such purchases may be made on the open market, in private transactions or pursuant to purchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. The share buyback program is... More