Intel Corporation (NASDAQ: INTC) shares jumped in the after-hours session Wednesday as the company said it was entering into accelerated share repurchase agreements to buy a total of $10 billion of the company’s common stock.What Happened Upon the completion of the agreements, the chipmaker will have purchased nearly $17.6 billion in shares as a part of its share buyback plan announced in October 2019, the company said in a statement.The Santa Clara, California-based company said it would purchase 166 million shares under one such agreement, which is set to be completed by the end of this year.”While the macro-economic environment …read more
Source:: Yahoo Finance
