Trimble to buy back $800 million shares, expand board following Jana investment

Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake in the company.Ron Nersesian and Kara Sprague will join Trimble's board effective February, the company said in a release. Sprague is an executive vice president at Nginx-owner F5. Nersesian is the chairman and former CEO of Keysight, an equipment and software company."We are thrilled to we ...