Somanetics (SMTS) Announces Share Repurchase Program Increased By $15 Million
More News related to SMTS
- Somanetics Corporation to Release Fourth Quarter and Fiscal 2008 Financial Results and Host Conference Call January 21, 2009
- Somanetics Corp. (SMTS) Reports Q3 EPS of $0.23, Beats by 3c; Guides FY08 Sales
- Citi Downgrades Somanetics (SMTS) to Hold
- Somanetics (SMTS) Announces Share Repurchase Program Increased By $15 Million
- Somanetics (SMTS) Tops Q2 View; Reaffirms FY08 Sales Guidance
More News related to Stock Buybacks
- ARGUS Downgrades Smith International (SII) to Hold
- Cantor Fitzgerald Downgrades Audiocodes (AUDC) to Hold After Negative 4Q Preannouncement
- MDB Capital Downgrades Ener1 (HEV) to Sell, Suspends Earnings Model and Valuation on Stock No Longer Justified
- DA Davidson Downgrades Ambassadors Group (EPAX) to Neutral
- SunTrust Downgrades Ruby Tuesday, Inc. (RT) to Neutral
Somanetics Corporation (Nasdaq: SMTS) announced that its Board has authorized the Company to repurchase up to an additional $15 million of its common shares (for a total of $45 million of its common shares). Purchases may be made from time to time in the open market or in privately negotiated transactions.
From April 3, 2008, the date its initial share repurchase program commenced, through June 30, 2008, Somanetics has spent approximately $27.7 million (including commissions) to purchase 1,631,329 shares at an average purchase price of $16.97 per share. As of June 30, 2008 Somanetics had 12,014,124 shares outstanding. The Company expects to fund its repurchase program with existing cash and cash equivalents on hand.
Related Categories
Stock BuybacksStocks Mentioned
+0.02Sign 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!
