STMicroelectronics Completes Share Buy-back Program
(Thomson Reuters ONE) -
Geneva - November 10, 2014 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronics
applications, announced that it has completed the repurchase of 20 million
shares of its common stock under its share buy-back program announced on June
26, 2014.
The shares were repurchased between July 7 and November 10, 2014 on the Borsa
Italiana Stock Exchange in open market transactions for a total of about $156
million. The repurchased shares will be held as treasury shares and used to
cover employee stock award plans under ST's long term incentive plans.
Details of the share repurchases pursuant to the now completed buy-back program
are available on ST's website at the following address: http://investors.st.com.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security, from
healthcare and wellness to smart consumer devices, in the home, car and office,
at work and at play, ST is found everywhere microelectronics make a positive and
innovative contribution to people's life. By getting more from technology to get
more from life, ST stands for life.augmented.
In 2013, the Company's net revenues were $8.08 billion. Further information on
ST can be found at www.st.com.
For further information, please contact:
STMicroelectronics
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
Tel: +1 602 485 2064
tait.sorensen(at)st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey(at)st.com
Share buyback_10nov2014:
http://hugin.info/152740/R/1870354/657774.pdf
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Source: STMicroelectronics via GlobeNewswire
[HUG#1870354]
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2014 - 22:33 Uhr
Sprache: Deutsch
News-ID 351345
Anzahl Zeichen: 2624
contact information:
Town:
Geneva
Kategorie:
Business News
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