Synovis Life Technologies (SYNO) Announces Share Buyback Program of Up To 500k Shares
Up)
Synovis Life Technologies, Inc. (Nasdaq: SYNO) announced that its board of directors has approved a program for the company to repurchase up to 500,000 shares of its common stock.
Synovis plans to make purchases in either the open market or through private transactions from time to time, in accordance with Securities and Exchange Commission regulations. The timing and extent to which the company buys back shares will depend on market conditions and other corporate considerations. The repurchase program does not have an expiration date. As of July 31, 2009, the company had $58.3 million in cash, cash equivalents and investments.
Synovis plans to make purchases in either the open market or through private transactions from time to time, in accordance with Securities and Exchange Commission regulations. The timing and extent to which the company buys back shares will depend on market conditions and other corporate considerations. The repurchase program does not have an expiration date. As of July 31, 2009, the company had $58.3 million in cash, cash equivalents and investments.
You May Also Be Interested In
- JAKKS Pacific (JAKK) Announces 4M Common Tender at $20/Share
- Syngenta (SYT) settles atrazine litigation; will pay $105M in deal
- Brocade Communications (BRCD) Tops Q2 EPS by 3c; Adds $500M to Buyback
Create E-mail Alert Related Categories
Corporate News, Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
