© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Seagate Technology Announces New $2.5 Billion Share Repurchase Authorization
Posted 23rd April 2015

Seagate Technology Announces New $2.5 Billion Share Repurchase Authorization

Seagate Technology plc announced that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Seagate Technology Announces New $2.5 Billion Share Repurchase Authorization
Image

Seagate Technology Announces New $2.5 Billion Share Repurchase Authorization 

Seagate Technology Plc announced that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares.

As a result of the April 2015 Authorization, Seagate currently has an aggregate authority to repurchase approximately $3.1 billion of its ordinary shares. Share repurchases under the April 2015 Authorization may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods. The timing and actual number of shares repurchased will depend on a variety of factors including the ordinary share price, corporate and regulatory requirements and other market and economic conditions. The share repurchase authorization may be suspended or discontinued at any time.

“The repurchase authorization reflects the confidence that the Board and the executive management team have in Seagate’s ability to generate cash, while still investing in innovation and growth opportunities,” said Steve Luczo, Seagate’s chairman and chief executive officer.

Categories: Finance, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Bitcoin vs Stock Investing – Which is the Best Option for New Investors?
Finance
06/07/2021Bitcoin vs Stock Investing – Which is the Best Option for New Investors?

Investing in stocks or in cryptocurrencies can be tricky, especially if you're new to the trade. In this article, we look at both investments and weigh the risks,

Read Full PostRead - Eye Icon
DWF Advise Capita’s Acquisition of Pervasive Networks
Legal
30/07/2015DWF Advise Capita’s Acquisition of Pervasive Networks

DWF Advise Capita's Acquisition of Pervasive Networks

Read Full PostRead - Eye Icon
HAYSTACKID Acquisition of FLEX Discovery Transaction
Innovation
29/02/2016HAYSTACKID Acquisition of FLEX Discovery Transaction

HAYSTACKID is an international end-to-end eDiscovery and forensics services and solutions provider.

Read Full PostRead - Eye Icon
New Approach Needed to Tackle Mental Ill-Health at Work, Says OECD
Strategy
05/03/2015New Approach Needed to Tackle Mental Ill-Health at Work, Says OECD

Health and employment services should intervene earlier, involve key stakeholders and ensure they work together in order to help people with mental-health issues find work and stay in a job.

Read Full PostRead - Eye Icon
Using Insurance Data to Strengthen Fleet Risk Management and Control Claims Exposure
Legal
29/01/2026Using Insurance Data to Strengthen Fleet Risk Management and Control Claims Exposure

Vehicle incidents remain a material source of financial and operational risk for organisations operating fleets or supporting employee travel. While adverse conditions such as hailstorms can accelerate loss events, the underlying drivers of claims are often co

Read Full PostRead - Eye Icon
How a Tungsten Carbide Manufacturer Supports Global Precision Engineering Growth
Strategy
29/05/2026How a Tungsten Carbide Manufacturer Supports Global Precision Engineering Growth

Precision engineering has become a quiet driver of global business growth. It supports the machines, tools, medical devices, aerospace systems, automation equipment, and industrial components that keep modern production moving. The work is not always visible t

Read Full PostRead - Eye Icon
5 Ways to a Successful Freelance Career
Innovation
10/03/20235 Ways to a Successful Freelance Career

The success or failure of your freelance profession depends on your clients. You must have a solid grasp of how to interact with your customers and be conscious of the fact that no two clients are alike.

Read Full PostRead - Eye Icon
5 Top-Rated Advisory Services for Mergers and Acquisitions
News
25/03/20255 Top-Rated Advisory Services for Mergers and Acquisitions

Mergers and acquisitions can drive remarkable growth, but they’re sometimes challenging to understand. Getting expert help from a qualified, knowledgeable advisor is crucial if you hope to maximise your returns and avoid complicated tax and legal issues.

Read Full PostRead - Eye Icon
CEO’s Must Be Set Up for Success When Eyeing up M&A Exits
News
04/09/2024CEO’s Must Be Set Up for Success When Eyeing up M&A Exits

Companies’ sale memorandums are often compendiums that fail to tell a compelling story, and while compiling key information has value, it does not sell a business for the maximum price, says Victor Basta, CEO and Founder of DAI Magister.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow