Lear Increases Share Repurchase Authorization to $1.5 Billion and Extends Authorization
Lear's Board increased the company's share repurchase authorization to $1.5 billion and extended it through December 31, 2029. The new authorization represents roughly 26% of Lear's market capitalization; only about $600 million remained on the prior authorization, which was set to expire at the end of 2026.
Key figures
- Pct of market cap
- 26%
- Authorization expiry
- December 31, 2029
- Buyback authorization
- $1.5 billion
- Total repurchased since 2011
- $6.1 billion
- Prior remaining authorization
- $600 million
- Shares repurchased since 2011
- 63.6 million
AI analysis
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