TE Connectivity Approves Addl. $1.5 Bln Share Repurchase Program
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920 dni temu
(RTTNews) - Industrial technology firm TE Connectivity Ltd. (TEL) announced Friday that its board of directors has authorized an increase in its share repurchase program by an additional $1.5 billion.
The company said any repurchases by it will be made in accordance with applicable securities laws in the open market or in private transactions. The repurchase program is subject to business and market conditions, and may be commenced, suspended or discontinued at any time or from time to time without prior notice.
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While reporting financial results for the first quarter on Wednesday, industrial technology firm TE Connectivity Ltd. (TEL) provided earnings, adjusted earnings and sales outlook for the second quarter, below analysts' expectations.
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