TE Connectivity Board Authorizes Additional $1.5B Share Buyback - TE Connectivity (NYSE:TEL)

Connectors and sensors provider TE Connectivity Ltd’s (NYSE:TEL) board approved an additional share buyback program by $1.5 billion.
At the end of the March quarter, TE Connectivity held $1.75 billion in cash and equivalents.
TE shares gained 61% last year.
Price action: TEL shares traded higher by 1.14% at $138.5 in the premarket session on the last check Friday.

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