February 20, 2018 / 1:21 PM / 7 months ago

BRIEF-Plexus Announces Revised Capital Allocation Plan

Feb 20 (Reuters) - Plexus Corp:

* PLEXUS ANNOUNCES REVISED CAPITAL ALLOCATION PLAN AND EMPLOYEE BONUS

* PLEXUS CORP - U.S. TAX REFORM WILL ENABLE IT TO TAX-EFFICIENTLY REPATRIATE APPROXIMATELY $500 MILLION OF OFFSHORE CASH INTO UNITED STATES

* PLEXUS CORP - EXPECTS TO PAY DOWN ITS EXISTING DEBT BALANCE HELD UNDER ITS REVOLVING CREDIT FACILITY

* PLEXUS CORP - INTENDS TO ACCELERATE REPURCHASES UNDER 2016 SHARE REPURCHASE PLAN

* PLEXUS CORP - INTENDS TO COMPLETE REMAINING $106 MILLION OF AUTHORIZED PURCHASES IN FISCAL 2018 THROUGH OPEN MARKET PURCHASES

* PLEXUS CORP - HAS APPROVED A NEW SHARE REPURCHASE AUTHORIZATION, COMMENCING UPON COMPLETION OF 2016 SHARE REPURCHASE PLAN, IN AMOUNT OF $200 MILLION

* PLEXUS CORP - WILL PROVIDE EXISTING, FULL-TIME, NON-EXECUTIVE EMPLOYEES A ONE-TIME CASH BONUS

* PLEXUS CORP - ONE-TIME BONUS WILL BE PROVIDED IN FISCAL Q2 TO NEARLY 16,000 EMPLOYEES, TOTALING ABOUT $13 MILLION Source text for Eikon: Further company coverage:

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