STMicroelectronics (STM) has released an update.
STMicroelectronics has successfully completed its $1,040 million share buy-back program initiated in 2021 and is launching a new $1,100 million program, to be executed over the next three years. The new plan includes purchasing shares for employee stock award plans and supporting the settlement of convertible bonds. This strategic move reflects the company’s ongoing commitment to shareholder value and capital management.
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