Benzinga | Jun 11, 2021 09:19AM EDT

TE Connectivity Board Authorizes Additional $1.5B Share Buyback

* Connectors and sensors provider TE Connectivity Ltd's (NYSE:TEL) board approved an additional share buyback program by $1.5 billion.

* At the end of the March quarter, TE Connectivity held $1.75 billion in cash and equivalents.

* TE shares gained 61% last year.

* Price action: TEL shares traded higher by 1.14% at $138.5 in the premarket session on the last check Friday.