Entegris, Inc. Announces Share Repurchase Program
CHASKA, Minn.--(BUSINESS WIRE)--Dec. 18, 2000--Entegris, Inc. (Nasdaq:ENTG -
news), the materials integrity management company, today announced that its board of directors has authorized the repurchase
of up to 500,000 shares. The company expects to purchase common stock from time to time in the open market.
``We authorized this buy-back program because market conditions have made Entegris' stock an extremely good value, '' said
Dan Quernemoen, Entegris' chairman of the board. ``This action reflects our ongoing commitment to improving the investment
value of our stock. We do not anticipate that this buy-back will affect our growth strategy of improving our world wide market
position and selected acquisition of technologies or companies,'' concluded Quernemoen.
Entegris generated $64 million in cash from operations in the fiscal year 2000, which ended August 26, 2000. The timing and
amount of any shares repurchased will be determined by the company, based on its evaluation of market conditions and other
factors. There are approximately 68.4 million shares of common stock outstanding. |
