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Buybacks: Flextronics Authorizes $200 Million For Repurchase

June 2, 2010 (FinancialWire) — Flextronics (NASDAQ: FLEX) said that its board of directors has authorized the repurchase of up to $200 million of the company's outstanding ordinary shares. This authorization is in support of the current shareholder authorization for the repurchase of up to 10% of outstanding ordinary shares.

Singapore-based Flextronics is an electronics manufacturing services provider focused on delivering design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs.

Flextronics operates through a network of facilities in 30 countries on four continents.

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