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Share Repurchase Program
3 Months Ended
May 31, 2014
Share Repurchase Program

NOTE 10—Share Repurchase Program

On April 15, 2013, the Company announced that its Board of Directors had authorized the repurchase of up to $300.0 million of Red Hat’s common stock from time to time on the open market or in privately negotiated transactions. The program commenced on April 16, 2013, and will expire on the earlier of (i) March 31, 2015, or (ii) a determination by the Board, Chief Executive Officer or Chief Financial Officer to discontinue the program.

As of May 31, 2014, the amount available under the program for the repurchase of the Company’s common stock was $160.0 million.