By Pietro Lombardi 
 

STMicroelectronics NV will buy back shares worth up to $1.04 billion in the next three years.

The European chip maker said Thursday that, under the buyback program, it will repurchase up to about 28.6 million shares, or roughly 3.1% of its share capital.

The company will keep the shares it buys back as treasury stock.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

July 01, 2021 02:27 ET (06:27 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
ST Microelectronics (BIT:STM)
Historical Stock Chart
Von Feb 2024 bis Mär 2024 Click Here for more ST Microelectronics Charts.
ST Microelectronics (BIT:STM)
Historical Stock Chart
Von Mär 2023 bis Mär 2024 Click Here for more ST Microelectronics Charts.