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ABB Launches $4 Billion Share Buyback

2014-09-09 09:58:52| Electronics - Topix.net

ABB Ltd is launching a $4 billion share buyback as part of a strategic revamp by its recently appointed Chief Executive Ulrich Spiesshofer as he battles problems at the engineering giant's power systems business and a sluggish economy. The Zurich-based company, the world's largest maker of power grids, said it would buy the shares from Sept.

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Category:Electronics and Electrical

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