Tyco Electronics Authorizes a $750 mln Share Repurchase Pogram

Tyco Electronics Ltd. (TEL) announced Friday that its board of directors has authorized a $750 million increase in its share repurchase program. The last time Tyco’s board increased the program was in mid 2008.

Schaffhausen, Switzerland – based Tyco is a co. that provides engineered electronic components, network solutions, specialty products, and undersea telecommunication systems.

Tyco shares climbed 68 cents, or 2.33%, in Friday trading in New York.

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