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CACI Repurchases 4 Million Shares of Common Stock; Paul Cofoni Comments

 

Paul Cofoni, CACI

CACI International Inc. (NYSE: CACI) has entered an agreement with Bank of America N.A. to repurchase 4.0 million shares of its common stock under an accelerated share repurchase agreement.

CACI repurchased its shares at $52.42 per share, for approximately $209.7 million total.

CACI now expects a full fiscal year 2012 diluted share count of approximately 28 million.

“This accelerated share repurchase transaction is part of our balanced capital deployment strategy and is consistent with our history of driving value for our shareholders, ” said CACI President and CEO Paul Cofoni.

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