Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Sandisk Announces Additional $750 Mln Stock Repurchase Plan - Quick Facts

RELATED NEWS
Trade SNDK now with 
12/20/2012 5:16 PM ET

SanDisk Corp. (SNDK: Quote) announced that its Board of Directors has authorized an additional $750 million for common stock repurchases, increasing the total amount authorized for stock repurchases under the current program to $1.25 billion.

The company said the current repurchase program was established on Oct. 27, 2011 and will expire on Oct. 26, 2016.

To date under this program, the company has used about $234 million for stock repurchases and approximately $1.016 billion remains available.

SanDisk said that under the expanded program, stock repurchases may be made from time to time and the actual amount expended will depend on a variety of factors including market conditions, regulatory and legal requirements, corporate cash generation and other factors.

Click here to receive FREE breaking news email alerts for Sandisk Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Data storage solutions provider EMC Corp. (EMC) reported that net income attributable to the company for first-quarter 2014 declined to $392 million or $0.19 per share, from $580 million or $0.26 per share in the same quarter last year. Non-GAAP net income attributable to the company was $728 million... U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis. Thailand's central bank left its key interest rate unchanged on Wednesday, after trimming it in the previous month amid the lingering political impasse. The Monetary Policy Committee of the Bank of Thailand voted 6-1 to leave the main policy rate unchanged at 2 percent, which is the lowest level since December 2010. The decision was in line with economists' expectations.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.