Symantec Plans New Buyback

The company can repurchase $2 billion of stock.
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(SYMC) - Get Report

said its board approved a $2 billion stock repurchase program.

Buybacks will be made in the open market or in privately negotiated transactions. Symantec has completed the $1 billion share repurchase announced in January.

Shares of Symantec were rising 1% in premarket trading Thursday.