Broadcom announces $12B share repurchase authorization
Broadcom announced its board has authorized the repurchase by the company of up to $12B of its common stock. The authorization is effective immediately until November 3, 2019, the end of Broadcom's FY19. Share repurchases may be made through a variety of methods, including open market or privately negotiated transactions. The timing and number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Broadcom's capital return program does not obligate it to repurchase any specific number of shares or continue a dividend for any fixed period, and may be suspended or discontinued at any time.