CLEVELAND, Feb. 12 /PRNewswire-FirstCall/ -- Keithley Instruments, Inc. , a leader in solutions for emerging measurement needs, today announced that its Board of Directors has authorized a Common Share repurchase program, which will replace the previous repurchase program that expired on December 31, 2006.
Under the new program, the Company may repurchase in the open market or through privately negotiated transactions up to 2,000,000 Common Shares over the next two years, approximately 12 percent of its total outstanding Common Shares. The timing and number of shares to be repurchased will be subject to market conditions and trading restrictions. The Company expects repurchases to be funded by available cash.
About Keithley Instruments, Inc.
With more than 60 years of measurement expertise, Keithley Instruments has become a world leader in advanced electrical test instruments and systems from DC to RF (radio frequency). Our products solve emerging measurement needs in production testing, process monitoring, product development, and research. Our customers are scientists and engineers in the worldwide electronics industry involved with advanced materials research, semiconductor device development and fabrication, and the production of end products such as portable wireless devices. The value we provide them is a combination of precision measurement technology and a rich understanding of their applications to improve the quality of their products and reduce their cost of test.
