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November 4, 2009 (FinancialWire) -- Dolby Laboratories, Inc.'s (NYSE: DLB | Quote | Chart | News | PowerRating) board has approved a stock repurchase program authorizing the company to repurchase up to $250 million of its class A common stock.
The company said that the objective of the ongoing program is to offset dilution from its equity compensation programs.
San Francisco-based Dolby Laboratories develops audio and surround sound technologies.
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