Summary
Agilent Technologies, Inc. announced on November 19, 2009, the approval of a new share repurchase program. This program is designed to manage and reduce dilution stemming from the company's equity incentive plans. The new program replaces a previous one that expired on November 15, 2009. Investors should note that the new repurchase program is flexible, allowing for various methods of share acquisition, including open-market purchases and accelerated transactions. The company is not obligated to repurchase a specific number of shares, and the program can be halted or modified at any time based on market conditions, stock price, and other factors. This flexibility provides Agilent with the ability to manage its capital effectively while addressing potential share dilution.
Key Highlights
- 1Agilent Technologies approved a new share repurchase program on November 19, 2009.
- 2The primary purpose of the new program is to reduce or eliminate dilution from equity incentive plans.
- 3The previous share repurchase program expired on November 15, 2009.
- 4The new program allows for various repurchase methods, including open-market purchases and accelerated share repurchases.
- 5There is no fixed number of shares to be repurchased under the new program.
- 6The program can be suspended or discontinued at any time at the company's discretion.
- 7The timing and extent of repurchases will be influenced by factors such as stock price and market conditions.