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Broadcom Inc. says it will buy back as much as US$12bln of common stock

Stock repurchase plan 'enhances capital allocation strategy'

Semiconductors
The timing and amount of shares repurchased will depend on many factors

Broadcom Inc. (NASDAQ:AVGO) said it will buy back as much as US$12bln of its common stock.

“The initiation of a stock repurchase program enhances our capital allocation strategy and provides us with a complementary tool to deliver value to our shareholders,” Chief Financial Officer Tom Krause said in a statement.

The timing and amount of shares repurchased will depend on many factors, including price, the company said.

Quick facts: Broadcom Corporation

Price: 315.42 USD

NASDAQ:AVGO
Market: NASDAQ
Market Cap: $125.12 billion
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