TE Connectivity Board Authorizes Additional $1.5B Share Buyback

Connectors and sensors provider TE Connectivity Ltd’s (NYSE:TEL) board approved an additional share buyback program by $1.5 billion. At the end of…
  • Connectors and sensors provider TE Connectivity Ltd’s (NYSE:TEL) board approved an additional share buyback program by $1.5 billion.
  • At the end of the March quarter, TE Connectivity held $1.75 billion in cash and equivalents. 
  • TE shares gained 61% last year.
  • Price action: TEL shares traded higher by 1.14% at $138.5 in the premarket session on the last check Friday.
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