Trimble Navigation (TRMB) To Buy Back More Shares

Trimble Navigation (TRMB) announced they are will "repurchase of up to $400 million of Trimble's common stock and that it intends to spend at least $150 million of this authorization within the next 6 months." The press release included the following: "The share repurchase authorization does not have an expiration date and replaces the prior authorization of $300 million, which had $177 million remaining as of the end of the second quarter of 2015."

TRMB closed yesterday (2015.08.13) at $19.51. 52-week range: $19.01 - $34.43.