Micron Resumes Stock Repurchase to Strengthen Balance Sheet

The latest update is out from Micron (MU).

Micron’s Board of Directors had initially authorized a stock repurchase program back in May 2018, but it was put on hold in December 2022 due to an industry downturn. As of August 7, 2024, the company has decided to resume the repurchase program, aiming to mitigate dilution from employee stock purchases and to continue bolstering its balance sheet and maintaining its investment grade credit rating.

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