Logitech’s board approves $1 billion share buyback program

Logitech International
LOGN,
-3.56%

LOGI,
-2.69%
said late Wednesday that its board of directors has approved a new share buyback program of up to $1 billion. The program is expected to begin next month, the company said. Logitech’s U.S.-listed shares fell on Wednesday after it emerged that one of its gamepads was in use at the missing OceanGate submersible vessel, according to a news segment aired last year.