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Flextronics International : Flex Gains Approval for Share Repurchase

by August 29, 2016 General

By Ezequiel Minaya
Contract manufacturing specialist Flex said Monday it had gotten the green light from shareholders to repurchase up to 20% of outstanding shares with the company’s board additionally approving a $500 million authorization.The company has repurchased some 279 million shares for about $2.3 billion since 2012, Flex said in a press release.Based in Singapore but managed in San Jose, Calif., the former Flextronics International Ltd. makes a variety of electronics and industrial products, from Xbox videogame consoles for Microsoft Corp. to power chargers and the Apple Watch for Apple Inc. and smartphones for Lenovo Group Ltd.Write to Ezequiel Minaya at