LTX-Credence Board Authorizes $25 Million for Stock Repurchases

LTX-Credence Corporation LTXC today announced that its board of directors has authorized a stock repurchase program for up to $25 million. Under this program, the company is authorized to repurchase shares of its common stock from time to time in open market transactions. The company will determine the timing and amount of the transactions based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time and has no expiration date.