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Symantec to Buy $2 Billion in StockPOSTED June 15, 2007 CUPERTINO -- Symantec Corp. announced that its Board of Directors has approved a $2 billion share repurchase program. This open-ended program is effective immediately. Repurchases will be made in accordance with applicable securities laws in the open market or in private negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. Symantec has completed the $1 billion share repurchase program announced in January 2007 repurchasing 54 million shares at an average price $18.51. In the past two years, Symantec has repurchased nearly $7 billion of its shares. Symantec is a global leader in infrastructure software, enabling businesses and consumers to have confidence in a connected world. The company helps customers protect their infrastructure, information, and interactions by delivering software and services that address risks to security, availability, compliance and performance. Headquartered in Cupertino, Symantec has operations in 40 countries. © Copyright SVDaily.com |
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