GILLINGHAM, England – Delphi Automotive’s board of directors has authorized a new share repurchase program of up to $1.5 billion of its outstanding ordinary shares. The new program will commence following the completion of the company’s previous share repurchase program.
“Today’s announcement illustrates our confidence in the long-term growth of Delphi’s business and continued strong, free cash-flow generation,” said Rodney O’Neal, Delphi’s CEO and president. “The new share repurchase program further demonstrates our continued commitment to create and enhance value for our shareholders.”
See Also:
MAHLE Aftermarket Inc. Names Fourth-Annual Champion Technician
The Network Signs Fifth Parts Plus Mexico Member
ATD Rebrands Canadian Operation, Purchases Integra
Uni-Select Opens New National Distribution Center In Canada
