ASML Buys $45M in Shares
Staff Reporter -- EDN, July 11, 2006
ASML Holding NV today announced progress in connection with its share buyback program first announced in April.
The litho player said that, through work with an undisclosed broker and from July 3 through July 7, it had acquired 2.25 million of its shares at an average price of about $20.19 (15.84 euro) per share for a total cost of approximately $45.4 million.
The total number of shares bought back up to and including July 7 is 22,179,998 and represents 87.3 percent of ASML’s announced maximum $510 million (400 million euro) to be repurchased during the term of the program.
The buyback update came, coincidentally, during the Semicon West tradeshow. ASML's share buyback program will terminate on April 18, 2007.
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