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KLIC - Kulicke & Soffa plans to buy back $150M common stock
Kulicke and Soffa Industries Inc.
Kulicke and Soffa Industries (NASDAQ:KLIC) is planning to buy back $150M of its common stock. The company entered an accelerated share repurchase (ASR) agreement under its current $800M buyback authorization. The company expects to complete the transactions linked with the ASR by the end of its FQ3 of 2022. At that time, the company anticipates that ~$340M will remain under its current repurchase authorization. During its FQ2 of 2022 through March 2, K&S deployed $24.4M to buy back 459.7K.