Edition:
United Kingdom

Benchmark Electronics Expands Stock Repurchase Program


Wednesday, 7 Mar 2018 

March 7 (Reuters) - Benchmark Electronics Inc ::BENCHMARK ELECTRONICS ANNOUNCES EXPANSION OF STOCK REPURCHASE PROGRAM TO $250M AND INITIATION OF A QUARTERLY CASH DIVIDEND.BENCHMARK ELECTRONICS - ‍BOARD OF DIRECTORS APPROVED EXPANDED STOCK REPURCHASE PROGRAM GRANTING CO AUTHORITY TO REPURCHASE UP TO $250 MILLION IN COMMON STOCK​.‍INITIATES QUARTERLY CASH DIVIDEND OF $0.15 PER SHARE​.‍WILL REPURCHASE A MINIMUM OF $100 MILLION IN 2018​.BENCHMARK ELECTRONICS - ‍INTENDS TO REPURCHASE $50 MILLION OF $100 MILLION THROUGH AN ACCELERATED SHARE REPURCHASE PROGRAM WITH GOLDMAN SACHS & CO. LLC​.‍UNDER TERMS OF ASR EXECUTED , BENCHMARK'S OUTSTANDING COMMON STOCK WILL BE REDUCED BY APPROXIMATELY 1.6 MILLION SHARES​.‍HAS $230 MILLION CREDIT FACILITY THAT MATURES IN NOVEMBER 2020​. 

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23 Aug 2019