Logitech to Begin New Share Buyback Program

Mon Feb 4, 2008 10:00pm EST
 
Email | Print | | Reprints | Single Page
[-] Text [+]
Company Announces Completion of $250 Million Buyback, Beginning of
                       New $250 Million Buyback
ROMANEL-SUR-MORGES, Switzerland--(Business Wire)--
Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced
that it has completed its current $250 million share buyback program.
Under this program, initiated in Nov. 2006 and completed Feb. 4, 2008,
Logitech repurchased a total of 8'759'450 shares at an average per
share price of $ 28.54 (CHF 34.04).

   Logitech now plans to begin its new $250 million share buyback
program. As announced by the Company on June 19, 2007, Logitech's
board of directors approved the new buyback program with repurchases
to begin upon completion of the earlier program and approval by Swiss
regulatory authorities.

   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 traded on the
SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).

   Logitech, the Logitech logo and other Logitech marks are owned by
Logitech and may be registered. 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
Director, Corporate Communications - USA

Copyright Business Wire 2008

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

Photo
Bearing Witness
Reuters award-winning multimedia piece, reflecting five years of reporting the war in Iraq.