ABB announced $3bn buyback program

5
Oct

The Swiss-based company announced the decision to buyback its shares between 2017 and 2019.

The total value of this buyback plan will be about $3 billion.

This decision – which is part of a bigger and articulate strategic plan – reflects the management’s trust in the company’s solidity and ability to generate cash, and it’s supported by the solid growth trend of ABB .

While announcing the buyback plan, the company also confirmed its annual revenue growth target , which will be from 3% to 6% until 2020.

 

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