SAN JOSE, Calif., Aug. 29, 2016 /PRNewswire/ -- On
August 24, 2016, Flex (NASDAQ: FLEX)
received shareholder approval to purchase up to 20% of its
outstanding shares. Additionally, the Company's Board of Directors
authorized management to purchase the Company's shares in an
aggregate amount of up to $500
million. Since the beginning of fiscal 2012, the Company has
repurchased approximately 279 million shares for approximately
$2.3 billion.
Share repurchases, if any, will be made in the open market and
in compliance with SEC Rule 10b-18. The timing and actual
number of shares repurchased will depend on a variety of factors
including price, market conditions and applicable legal
requirements. The share repurchase program does not obligate
the Company to repurchase any specific number of shares and may be
suspended or terminated at any time without prior notice.
About Flex
Flextronics International Ltd. (Reg. No. 199002645H) is the
leading Sketch-to-Scale™ solutions provider that
designs and builds intelligent products for a connected world. With
approximately 200,000 professionals across 30 countries, Flex
provides innovative design, engineering, manufacturing, real-time
supply chain insight and logistics services to companies of all
sizes in various industries and end-markets. For more information,
visit www.flextronics.com or follow us on Twitter @Flextronics.
Flex – Live Smarter™
Renee
Brotherton
|
Kevin
Kessel
|
Corporate
Communications
|
Investor
Relations
|
(408)
576-7189
|
(408)
576-7985
|
renee.brotherton@flextronics.com
|
kevin.kessel@flextronics.com
|
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SOURCE Flex