TE Connectivity Board Approves Additional $ 1.5 Billion Share Buyback | Status

Schaffhausen, Switzerland, June 11, 2021 / PRNewswire /-TE Connectivity Ltd. (NYSE: TEL), the world leader in connectors and sensors, announced today that its board of directors has approved an additional share buyback program. $ 1.5 billion.. Repurchases by companies are made in accordance with applicable securities laws in open markets or private transactions. The repurchase program may be started, suspended or discontinued at any time or at any time without prior notice, depending on business and market conditions.

TE Connectivity Ltd. (NYSE: TEL) is a global leader in industrial technology that creates a safer, more sustainable, more productive and connected future. Our wide range of connectivity and sensor solutions, proven in the harshest environments, enable advances in transportation, industrial applications, medical technology, energy, data communications, and homes. TE has approximately 80,000 employees, including over 7,500 engineers, working with customers in approximately 140 countries to ensure that all connections are counted. For more information When LinkedIn, Facebook, WeChat And twitter..

Description of future prospects

This release contains certain “forward-looking statements” in the sense of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainties and changing circumstances and may have actual consequences. If the performance, financial condition or performance is significantly different from the expected result, performance, financial condition or performance. All statements contained in this book that are not clearly historical in nature are forward-looking and expressions such as “anticipate,” “believe,” “expect,” “estimate,” and “plan.” Is usually intended to identify forward-looking statements. .. We have no intention of updating or changing our forward-looking statements as new information, future events, or other consequences, except to the extent required by: There is no obligation to deny it. law. The forward-looking statements for this release include statements regarding our future financial position and results of operations, as well as the impact of Coronavirus Disease 2019 (“COVID-19”) on our business. Examples of factors that may cause actual results to differ materially from those stated in the forward-looking statements include, among other things, the scope, severity and duration of COVID-19, which adversely affects our business operations. included. Business, economic, competitive and regulatory risks, such as situations affecting the demand for products in the automotive and other industries we serve. Competition and price pressure; exchange rate and commodity price fluctuations. Natural disasters and political, economic and military instability in the countries in which we operate. Credit Market Trends; Impairment of Future Goodwill; Compliance with Current and Future Environments and Other Laws and Regulations. Possible impacts on us due to changes in tax laws, tax treaties and other laws, including the impact of Swiss tax reform. In addition, the impact of COVID-19 on our business and performance will depend on future developments, which is highly uncertain and unpredictable. These developments include the geographic spread of the virus, the severity of the virus, the duration of the virus, its impact on the supply chain of suppliers and customers, and the actions that various government authorities may take in response to the outbreak. It may be. The potential impact on the jurisdictions in which we operate and the global and regional economies in which we operate. For more information on these and other factors, see TE Connectivity Ltd on Form 10-K for the closing fiscal year. It is mentioned in the annual report of. September 25, 2020 It is also included in Form 10-Q’s quarterly report, Form 8-K’s current report, and other reports submitted to the US Securities and Exchange Commission.

SOURCE TE Connectivity Ltd.

TE Connectivity Board Approves Additional $ 1.5 Billion Share Buyback | Status

Source link TE Connectivity Board Approves Additional $ 1.5 Billion Share Buyback | Status

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