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WD® Announces Additional $1.5 Billion In Share Repurchase Program

Storages Manufacturer Press Releases IRVINE, Calif., May 21, 2012 /PRNewswire-FirstCall/ -- Western Digital Corp. (NYSE: WDC) today announced an increased authorization of $1.5 billion of its common stock under its share repurchase program.

The additional repurchase authorization is effective immediately and extends the program by five years, during which time additional shares can be authorized for repurchase. The amount of purchases will depend on market conditions and corporate considerations. Share repurchases will be made on the open market.

"The decision to increase WD's stock repurchase program is part of our capital allocation strategy to efficiently deploy cash to shareholders while maintaining strategic flexib...



  


Разместил: Western Digital Corp. News Release | Дата: 21.05.2012 | Прочитано: 860 | Раздел: Storages Manufacturer Press Releases   

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