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SAN JOSE, Calif., Aug. 24, 2015 /PRNewswire/ -- On August 20, 2015, Flex (NASDAQ: FLEX) received shareholder approval to purchase up to 20% of its outstanding shares. Additionally, the Company's Board of Directors authorized management to purchase the Company's shares in an aggregate amount of up to $500 million. Since the beginning of fiscal 2011, the Company has repurchased 305 million shares for approximately $2.2 billion.
Share repurchases, if any, will be made in the open market and in compliance with SEC Rule 10b-18. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice.
About Flex
Flextronics International, Ltd. (Reg. No. 199002645H) is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. With more than 200,000 professionals across 30 countries and a promise to help make the world Live smarter™, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit www.flextronics.com or follow us on Twitter @Flextronics.
Renee Brotherton | Kevin Kessel |
Corporate Communications | Investor Relations |
(408) 576-7189 | (408) 576-7985 |
renee.brotherton@flextronics.com | kevin.kessel@flextronics.com |
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flex-receives-approval-for-additional-share-repurchases-300132423.html
SOURCE Flex
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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