GlobalFoundries to repurchase about USD 300 million of ordinary shares in concurrent buyback

Reuters03-12

GlobalFoundries to repurchase about USD 300 million of ordinary shares in concurrent buyback

GlobalFoundries said it plans to repurchase about USD 300 million of ordinary shares concurrently with a secondary public offering by Mubadala. The buyback is expected to be funded with cash on its balance sheet and executed under a USD 500 million repurchase authorization approved in February 2026. GlobalFoundries said the repurchase price per share will equal the price paid by the underwriters in the offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GLOBALFOUNDRIES Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603111716PRIMZONEFULLFEED9670428) on March 11, 2026, and is solely responsible for the information contained therein.

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