VMware buys back $400M in Class A shares

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Last week Reuters and other news outlets reported that the VMware’s board approved a plan to buy back $400M in Class A shares.

The operation will happen over the months, through the end of 2011.

EMC said it has no intention to modify its ownership of the subsidiary, keeping it at around 80%.

In another note, the VMware’s CFO, Mark Peek, sold 15,000 shares at an average price of $46.72 a share in mid-February.