Amphenol (NYSE:APH - Get Free Report) announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 28th, RTT News reports. The company plans to buy back $4 billion in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 2% of its shares through open market purchases. Share repurchase plans are usually an indication that the company's board of directors believes its share…