Stratasys (SSYS) has released an update.
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Stratasys Ltd. has announced a new $50 million share repurchase program as part of their strategic actions to enhance shareholder value, which includes a company restructuring aimed at generating significant annual cost savings and aligning with market conditions. The buyback plan demonstrates the board’s confidence in Stratasys’ growth strategy and commitment to returning value to its shareholders. The repurchase of shares will be funded by the company’s cash reserves and will depend on market conditions and the company’s financial performance.
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