Micron Technology Resumes Stock Repurchase Program To Offset Dilution From Employee Stock Purchase Programs
Portfolio Pulse from Benzinga Newsdesk
Micron Technology has resumed its stock repurchase program, initially authorized in 2018 and suspended in December 2022, to offset dilution from employee stock purchase programs. The company remains committed to strengthening its balance sheet and maintaining its investment-grade credit rating.
August 07, 2024 | 12:47 pm
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Micron Technology has resumed its stock repurchase program to offset dilution from employee stock purchase programs. This move is aimed at strengthening its balance sheet and maintaining its investment-grade credit rating.
Resuming the stock repurchase program is a positive signal to investors as it indicates the company's commitment to managing dilution and maintaining financial health. This action is likely to support the stock price in the short term.
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