TE Connectivity board approves additional $1.5 billion share buyback program

TE Connvectivity Ltd. TEL, +2.36%, a maker of sensors and connectors, said Friday its board has approved an additional $1.5 billion share buyback program. The Swiss-based company is listed on the New York Stock Exchange. Shares were not active premarket but have fallen 30% in the year to date, while the S&P 500 SPX, +0.22% has fallen 23%.