Broadcom approves share buyback of up to $12B effective immediately until the end of Broadcom’s FY 2019, sending stock up ~4.5% in extended trading (Reuters)

Reuters:
Broadcom approves share buyback of up to $ 12B effective immediately until the end of Broadcom’s FY 2019, sending stock up ~4.5% in extended trading  —  (Reuters) – Chipmaker Broadcom Inc (AVGO.O) said on Thursday it would buy back up to $ 12 billion of its common stock, sending its shares up 4.5 percent to $ 250 in extended trading.


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