US: Trimble today announced that its Board of Directors has approved a new share repurchase program authorizing up to $600 million in repurchases of the Company’s common stock.
The authorization does not have an expiration date and replaces the prior authorization of $400 million, which was recently completed.
The new repurchase program goes into effect immediately and shares may be purchased from time to time, subject to business and market conditions and other investment opportunities, through open market transactions, privately-negotiated transactions, or by other means. The program may be suspended, modified or discontinued at any time at the Company’s discretion.
Year to date, Trimble repurchased approximately 3.6 million shares of its common stock for a total of approximately $130 million.