Manhattan Associates increases share repurchase program to $500M

Manhattan Associates (MANH) announced that its board of directors approved an increase in the company’s common share repurchase authority from $100M to $500M, effective immediately. The company may make repurchases in the open market or otherwise in those quantities, at those prices, and in a manner, and on terms and conditions, as management determines are in the best interests of the company. The plan does not have a fixed expiration date, does not obligate Manhattan to acquire any particular amount of common stock, and may be modified, suspended, or terminated at any time.