Micron Technology To Buy Back $1 Billion In Stock

By | October 27, 2014

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Memory chipmaker Micron Technology (MU) announced on Monday that its board had authorized as much as $1 billion in share buybacks. “Our business continues to generate strong operating cash flows, enabling us to invest in our strategic growth initiatives while also returning capital to investors,” Micron CFO Ron Foster said in a news release on Monday. The share repurchase authorization came after the major maker of dynamic random access memory Scalper1 News

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