BREAKING NEWS
This content is not available in your region

Logitech CEO says expanded buyback no block to big acquisitions

Access to the comments Comments
Logitech CEO says expanded buyback no block to big acquisitions
Logitech CEO says expanded buyback no block to big acquisitions   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Text size Aa Aa

ZURICH (Reuters) – Logitech’s expanded share buyback will not hinder the tech company’s ability to make big acquisitions, Chief Executive Bracken Darrell said on Thursday.

“We have plenty of financial capacity to do small, medium or large acquisitions,” Darrell told Reuters after the computer peripherals maker quadrupled the size of its buyback to $1 billion while posting record annual results.

“We have done things as small as $1.5 million, but we have the capacity to do a multi-billion-dollar acquisition if we found the right thing,” he added.

(Reporting by John Revill; Editing by Michael Shields)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.