Seagate Technology plc Buyback
OLI recorded this information on 4/23/2015
Company: |
Seagate Technology plc |
Buyback: |
STX buyback |
$Amount Authorized: |
$2,500,000,000 |
Buyback Details: |
Seagate Technology plc (NASDAQ:STX) (the "Company" or "Seagate") today announced that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares (the "April 2015 Authorization"). As a result of the April 2015 Authorization, Seagate currently has an aggregate authority to repurchase approximately $3.1 billion of its ordinary shares. Share repurchases under the April 2015 Authorization may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods. The timing and actual number of shares repurchased will depend on a variety of factors including the ordinary share price, corporate and regulatory requirements and other market and economic conditions. The share repurchase authorization may be suspended or discontinued at any time. |
Seagate Technology Holdings is a provider of data storage technology and solutions. Co.'s principal products are hard disk drives (HDDs). In addition, Co. produces a range of data storage products including solid state drives (SSDs) and storage subsystems and provides storage solutions such as a edge-to-cloud mass data platform that includes data transfer shuttles and a storage-as-a-service cloud. Co. provides a range of storage solutions for mass capacity storage which includes: Enterprise Nearline HDDs, Enterprise Nearline SSDs, Enterprise Nearline Systems, Video and Image Applications and Network-attached storage.
Seagate Technology SEC Filing Email Alerts Service
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Company Name: |
Seagate Technology Holdings PLC |
Stock buyback: |
STX buyback |
Website: |
www.seagate.com |
Sector: |
Computer Peripherals |
Number of ETFs Holding STX: |
90 |
Total Market Value Held by ETFs: |
$3.02B |
Total Market Capitalization: |
$17.57B |
% of Market Cap. Held by ETFs: |
17.18% |
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