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Symantec OK's $2 Billion Share Repurchase Programm
News Release
Symantec Authorises $2 Billion Share Repurchase Programme
Symantec Corp. (Nasdaq: SYMC) today announced that its Board of Directors has approved a $2 billion share repurchase programme. This open-ended programme is effective immediately.
Repurchases will be made in accordance with applicable securities laws in the open market or in private negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.
Symantec has completed the $1 billion share repurchase programme announced in January 2007 – repurchasing 54 million shares at an average price $18.51. In the past two years, Symantec has repurchased nearly $7 billion of its shares.
ENDS
About Symantec
Symantec is a global leader in
infrastructure software, enabling businesses and consumers
to have confidence in a connected world. The company helps
customers protect their infrastructure, information and
interactions by delivering software and services that
address risks to security, availability, compliance and
performance. Headquartered in Cupertino, California,
Symantec has operations in 40 countries. More information is
available at
www.symantec.com.
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