December 3, 2009 (FinancialWire) — Tech Data Corp. (NASDAQ: TECD), a distributor of IT products, said that its board of directors has authorized a $100 million share repurchase program. Since 2005, the company has completed $400 million in share repurchases.

Tech Data is a distributor of technology products from IT hardware and software producers. The company posted $24.1 billion in net sales for its fiscal year ended January 31, 2009.

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