logo
Share SHARE
FONT-SIZE Plus   Neg

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

SanDisk Corp. (SNDK) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT