By Adriano Marchese
Seagate Technology plans to launch a $5 billion share-repurchase program.
The data-storage company's board of directors approved the repurchase of the common stock, which may be done from time to time through the open market or in privately negotiated transactions, among other means, according to filings to the Securities and Exchange Commission.
Shares have been higher so far in the year, rising about 21% since the start of 2025. The stock is up about 10% over the last 52 weeks.
Seagate has a market cap of about $22.16 billion, according to FactSet.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 22, 2025 08:40 ET (12:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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