SHARE REPURCHASES

3 Months Ended

Jun. 28, 2013

SHARE REPURCHASES

SHARE REPURCHASES

13.  SHARE REPURCHASES

During the first quarter of fiscal year 2014, the Company repurchased approximately 29.0 million shares for an aggregate purchase value of approximately $209.3 million, including repurchases made prior to the quarter end but not paid until after June 28, 2013, and retired all of these shares.  As of June 28, 2013, approximately 6.3 million shares were available to be repurchased under this plan.

The Company’s Board of Directors, on July 24, 2013, authorized the repurchase of up to 10% of the Company’s outstanding ordinary shares which was subsequently approved by the Company’s shareholders at the Extraordinary General Meeting held on July 29, 2013. Share repurchases by the Company under the share repurchase plan are subject to an aggregate limit of 10% of the Company’s ordinary shares outstanding as of the date of shareholder approval.  The Company is authorized to repurchase up to a maximum of 61.2 million shares under this plan.