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Business/Financial

CACI Completes Accelerated Share Repurchase

Defense Daily Staff

Tuesday, August 30th, 2011

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CACI International [CACI] yesterday said it has completed the repurchase of 4 million shares of its common stock under an accelerated share repurchase agreement that it first announced in conjunction with the release of its fiscal year-end results (Defense Daily, Aug. 19). The cost of the repurchase was $209.7 million. The share repurchase was made through an agreement with Bank of America [BAC]. The accelerated repurchase agreement replaced a previous $175 million share repurchase plan. The company said it expects…

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