Flextronics International Ltd. said late Monday its shareholders have approved a plan to buy back up to 20% of the company’s outstanding shares. Flextronics shares rose 2% to $13.35 after hours. The company said its board has authorized the buyback of up to $500 million shares. Since 2012, Flextronics has bought back up to 279 million shares for about $2.3 billion. The company has about 546 million shares outstanding, according to FactSet.
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