GENEVA, Nov. 10, 2014 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it has completed the repurchase of 20 million shares of its common stock under its share buy-back program announced on June 26, 2014.
The shares were repurchased between July 7 and November 10, 2014 on the Borsa Italiana Stock Exchange in open market transactions for a total of about $156 million. The repurchased shares will be held as treasury shares and used to cover employee stock award plans under ST's long term incentive plans.
Details of the share repurchases pursuant to the now completed buy-back program are available on ST's website at the following address: http://investors.st.com.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2013, the Company's net revenues were $8.08 billion. Further information on ST can be found at www.st.com.
For further information, please contact:
Group VP, Investor Relations
Tel: +1 602 485 2064
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
Share buyback_10nov2014 http://hugin.info/152740/R/1870354/657774.pdf