PR Newswire
SAN JOSE, Calif., Sept. 18, 2017
SAN JOSE, Calif., Sept. 18, 2017 /PRNewswire/ -- Sanmina
Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced
that its Board of Directors has authorized a stock repurchase program of up to $200 million worth
of the Company's common stock.
The new program will take effect upon completion of the Company's current program. As of today, approximately
$53 million remains available under the current program approved by the Board in September 2016. Since the beginning of fiscal 2014, the Company has repurchased approximately
21 million shares for approximately $497 million.
The stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares will
depend upon the market conditions and other factors. Share repurchases, if any, will be made in the open market, through
10b5-1 programs or in negotiated transactions off the market. Repurchases under the program may be commenced or suspended at any
time without prior notice.
About Sanmina
Sanmina Corporation is a leading integrated manufacturing solutions provider serving the fastest growing segments of
the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end
manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the
communications networks, storage, industrial, defense, medical, energy and industries that include embedded computing
technologies such as, point of sale devices, casino gaming and automotive. Sanmina has facilities strategically located in key
regions throughout the world. More information regarding the company is available at http://www.sanmina.com.
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SOURCE Sanmina Corporation
