MEMORY MARKET CONVERGENCE

April 26th, 2012

Seagate’s Board Approves Share Buyback Plan

Seagate announced Thursday afternoon that its board of directors has authorized a plan to buy back $2.5 billion of the company’s common stock, increasing the company’s total current buyback authorization to $3.5 billion. The buyback amount is equal to approximately 18% of Seagate’s market capitalization. “The repurchase authorization reflects the confidence that the Board and [...]