Seagate Technology Announces $2.5B Share Repurchase

Seagate Technology plc STX today announced that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares. Seagate, as a result of the April 2012 Authorization and other current repurchase authorizations, currently has a total authorized unutilized capacity for repurchases of approximately $3.5 billion under these authorizations.