Stmicroelectronics N.V. (STM) has released an update.
STMicroelectronics N.V. has reported the acquisition of 148,522 of its own shares between April 2 and April 5, 2024, for a total expenditure of EUR 5.84 million. The buyback, part of a program approved by shareholders and the supervisory board, aims to fulfill obligations from debt instruments exchangeable into equity. This latest transaction brings the company’s treasury shares to 1.2% of its issued share capital.
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