07:10 AM EDT, 08/05/2024 (MT Newswires) -- Royal Philips (PHG) said Monday it will repurchase up to 125 million euros ($136.8 million) in common shares to cover a portion of its obligations under long-term incentive plans.

The company estimates the buyback to include about 4.8 million shares based on its current share price.

Price: 27.67, Change: -0.81, Percent Change: -2.84