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Melexis Kicks Off EUR50 Million Stock Repurchase Plan

MT Newswires·12/10/2025 01:51:13
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01:51 AM EST, 12/10/2025 (MT Newswires) -- Belgian semiconductor manufacturer Melexis (MELE.BR) launched a 50 million-euro share repurchase program, according to a Wednesday release. Under the program, which starts on Thursday and runs through Dec. 10, 2026, Melexis plans to buy back up to 850,000 of its own shares. The purchase price under the program, which remains subject to shareholder approval, would not be more than 10% below the lowest closing price or 5% above the highest closing price of the last 30 days, the company noted.