STMicroelectronics Launches Buyback of Up to $1.04 Billion
01 Juli 2021 - 08:32AM
Dow Jones News
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)
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