Adobe (ADBE) +1.3% AH after announcing a $2B stock buyback plan, good for acquiring 12% of...

|About: Adobe Systems Incorporated (ADBE)|By:, SA News Editor

Adobe (ADBE) +1.3% AH after announcing a $2B stock buyback plan, good for acquiring 12% of outstanding shares based on today's close. Adobe, which had $2.8B in cash and investments on its balance sheet as of March 2, also says an existing $1.6B authorization due to expire in FY12 has been used up.