STMicroelectronics completes EUR 297 mln share buyback

Monday 7 August 2017 | 09:31 CET | News
French-Italian chipmaker STMicroelectronics (ST) has completed the repurchase of around 18.6 million shares of its common stock for a total of USD 297 million under the share buy-back programme it announced on 22 June. The company said the repurchased shares will be held as treasury shares and used to meet obligations arising from debt financial instruments that are exchangeable into equity instruments and to meet obligations arising from share award programmes.

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Categories: Mobile & Wireless
Companies: STMicroelectronics
Countries: World
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