TE Connectivity has reported that its board of directors has authorized an increase in its share repurchase program by an additional $1.5 billion.
Any repurchases by the company will be made by applicable securities laws in the open market or private transactions.
The repurchase program is subject to business and market conditions and may be commenced, suspended or discontinued at any time or from time to time without prior notice.
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive, and connected future.
Their broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home.
With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that every connection counts.