Logitech Announces New Share Buyback Program

Tue Sep 9, 2008 10:00pm EDT
 
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FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland--(Business Wire)--
Logitech International (SWX:LOGN)(NASDAQ:LOGI) today announced
that its board of directors has approved a new share buyback program,
which authorizes the Company to invest up to $250 million to purchase
its own shares, subject to the approval of the Swiss Takeover Board.
The new program will begin after the Company completes its current
share buyback program of $250 million. Under the current program,
which began in February 2008, Logitech has repurchased a total of
3,934,000 shares for $111 million as of Sept. 5, 2008.

   Under Logitech's share buyback program, shares may be repurchased
from time to time on the open market, through block trades or
otherwise. Purchases may be started or stopped at any time without
prior notice depending on market conditions and other factors.

   About Logitech

   Logitech is a world leader in personal peripherals, driving
innovation in PC navigation, Internet communications, digital music,
home-entertainment control, gaming and wireless devices. Founded in
1981, Logitech International is a Swiss public company listed on the
SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).

   Logitech, the Logitech logo, and other Logitech marks are
registered in Switzerland and other countries. All other trademarks
are the property of their respective owners. For more information
about Logitech and its products, visit the company's Web site at
www.logitech.com.

   (LOGI - IR)

Logitech International
Joe Greenhalgh, 510-713-4430
Vice President, Investor Relations - USA
Ben Starkie, +41-(0) 21-863-5195
Public Relations Manager - Europe
Nancy Morrison, 510-713-4948
Vice President, Corporate Communications - USA

Copyright Business Wire 2008

 

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