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Piper Jaffray board authorizes $150M buyback plan

Piper Jaffray Cos.' board has authorized the company to buy back up to $150.0 million of its common shares.

The authorization is effective Sept. 30, the same day the existing $150.0 million authorization expires. The company has about $69.8 million available for future repurchases under the existing authorization.

The new program expires Sept. 30, 2019.