Sonos announces $150 million stock repurchase program

Santa barbara, calif.--(business wire)--sonos, inc. (nasdaq: sono) today announced that its board of directors has authorized a common stock repurchase program of up to $150 million. the $11 million remaining under the company's existing $200 million repurchase program expired upon approval of the new authorization. under the repurchase program, sonos may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions.
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