Logitech board approves new $250 million buyback

Swiss computer accessory company Logitech International SA said its board approved the repurchase of up to $250 million of its stock.

The buyback is subject to Swiss Takeover Board approval, the company said late Tuesday.

Logitech will start the new buyback when it completes its existing $250 million repurchase program. As of Sept. 5, the company had bought back about 3.9 million shares for $111 million under the current program.