Stmicroelectronics N.V. (STM) has released an update.
STMicroelectronics N.V. reports completing a share repurchase program, buying back 175,000 shares for EUR 6.57 million to meet obligations from convertible debt instruments. The transactions occurred between May 6 and May 10, 2024, with the company now holding 1.3% of its issued share capital in treasury. This strategic move is part of STMicroelectronics’ broader commitment to its financial instruments and sustainable growth.
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