CIMdata PLM Industry Summary Online Archive
November 15, 2007
Financial News
Agilent Technologies Announces $2 Billion Share-Repurchase Program
Agilent Technologies Inc. today announced that its Board of Directors has approved a share-repurchase program of up to $2 billion of its common stock over the next two years. Agilent completed its previous $2 billion share buyback in October, bringing its cumulative repurchases to $6.466 billion since the program's inception in 2005.
"The Board's decision reflects our confidence in Agilent's operating model and strong cash flow," said Bill Sullivan, Agilent president and chief executive officer. "It also demonstrates our continuing commitment to return excess cash to the owners."
Agilent anticipates the share-repurchase program will be implemented using a variety of methods, which may include open-market purchases, block trades, accelerated share-repurchase transactions or otherwise, or by any combination of such methods. The number of shares to be repurchased and the timing of any repurchases will depend on factors such as the stock price, economic and market conditions, and corporate and regulatory requirements. The stock-repurchase program may be suspended or discontinued at any time.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.