EFI Embarks on Share Repurchase Program

FOSTER CITY, CA—The board of directors of Electronics For Imaging (EFI) has approved a $100 million share repurchase program, including a $30 million accelerated share repurchase (ASR), utilizing a portion of proceeds from the recently announced sale of the company’s real estate here.

The new share repurchase authorization replaces the previously approved share repurchase program, including a remaining amount of approximately $33 million that was available for repurchases. EFI also entered into an agreement with UBS AG, London Branch, to repurchase $30 million of its common stock under the ASR.