Repurchase Plan
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IRVINE — Newport Corp. said Monday that it will begin buying as many as 90,000 shares of its stock on the open market under a repurchase plan approved by its directors. The stock, equal to 1% of the company’s publicly traded shares, is to be used for compensation plans and an employee stock purchase plan.
The program will be put into effect immediately.
Newport Corp. designs, makes and markets components, instruments and integrated systems for several high-technology industries.
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