On August 20, 2015, Flex (NASDAQ: FLEX) said it has received shareholder approval to purchase up to 20 percent of its outstanding shares.
Additionally, the company´s board of directors authorized management to purchase the company´s shares in an aggregate amount of up to USD500 million.
Since the beginning of fiscal 2011, the company has repurchased 305 million shares for approximately USD2.2 billion.
Flextronics International is a leading sketch-to-scaleâ¢ solutions company that designs and builds intelligent products for a connected world. With more than 200,000 professionals across 30 countries and a promise to help make the world Live smarterâ¢, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets.