Tuesday, June 21, 2011 4:39:53 PM
Jabil (NYSE:JBL)
Today : Tuesday 21 June 2011
Jabil Circuit, Inc. (NYSE: JBL) announced today that its Board of Directors has authorized the repurchase of up to $200 million worth of shares of the Company’s common stock during the next twelve months. The shares will be repurchased from time-to-time in open market transactions at the Company’s discretion, subject to market conditions and other factors.
“We are confident about Jabil’s growth opportunities and our ability to maintain our performance over the long-term. This authorization to repurchase shares also reflects our conviction and commitment to delivering free cash flow from our global operations,” said Forbes Alexander, Jabil’s Chief Financial Officer.
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