Electronics For Imaging, Inc. Announces $50 Million Share Repurchase Plan
Press release from the issuing company
FOSTER CITY, Calif.--Nov. 18, 2003-- Electronics For Imaging, Inc., the world leader in digital imaging and print management solutions for commercial and enterprise printing, today announced that the company's board of directors has approved a stock repurchase program pursuant to which up to $50 million of the company's common stock may be repurchased from time to time over the next 12 months. The company intends to use the authorization to repurchase its common shares to mitigate the dilution from the issuance of shares under the company's employee stock option plans and to offset the approximately 200,000 shares issued in the Printcafe acquisition.
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