logo
Share SHARE
FONT-SIZE Plus   Neg

Adobe Systems To Repurchase Up To $2.0 Bln Common Stock Through End Of FY15

Adobe Systems Inc. (ADBE: Quote) announced its Board has approved a new stock repurchase program granting the company authority to repurchase up to $2.0 billion in common stock through the end of fiscal 2015.

As per the new stock repurchase program, the company will repurchase shares in the open market and also enter into structured repurchase agreements with third parties.

The company said that the new stock repurchase program approved by its Board is substantially similar to the company's previous program authorizing the repurchase of up to $1.6 billion in common stock through fiscal 2012, which authority has been exhausted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade ADBE now with 
Follow RTT