Agilent Technologies Announces $2 Billion Share-Repurchase Program
Agilent Technologies Inc. (NYSE: A) today announced that its Board of Directors has approved a share-repurchase program of up to $2 billion of its common stock over the next two years. Agilent completed its previous $2 billion share buyback in October, bringing its cumulative repurchases to $6.466 billion since the program’s inception in 2005.
“The Board’s decision reflects our confidence in Agilent’s operating model and strong cash flow,” said Bill Sullivan, Agilent president and chief executive officer. “It also demonstrates our continuing commitment to return excess cash to the owners.”
Agilent anticipates the share-repurchase program will be implemented using a variety of methods, which may include open-market purchases, block trades, accelerated share-repurchase transactions or otherwise, or by any combination of such methods. The number of shares to be repurchased and the timing of any repurchases will depend on factors such as the stock price, economic and market conditions, and corporate and regulatory requirements. The stock-repurchase program may be suspended or discontinued at any time.
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