San Jose, Calif. -- Adobe Systems, the San Jose-based developer of design and publishing tools, said it plans to repurchase up to $2 billion in company stock through the end of fiscal 2015. The company said it will buy back shares on the open market, as well as enter into structured repurchase agreements with third parties, in an effort to return value to stockholders and minimize dilution from stock issuances. The new plan replaces a previous plan that authorized the repurchase of up to $1.6 billion in stock through fiscal 2012.
http://www.adobe.com/aboutadobe/pressroom/pressreleases/201204/041212AdobeStockRepurchase.html
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