Adobe Systems Incorporated (NasdaqGS:ADBE) announces a share repurchase program. Under the program, the company will repurchase up to $2,000 million worth of its common stock. The company will repurchase shares in the open market and also enter into structured repurchase agreements with third parties.

The company is repurchasing its shares to return value to its stockholders and minimize dilution from stock issuances. The program will be valid till the end of 2017.