St. Jude Medical (STJ) Approves $1B Buyback
- Top 10 News for 2/1 - 2/5: Payrolls Gain, Unemplment Wanes; Investors Move Out of LinkedIn; Viacom Legend Steps Down
- Technology rout pushes Nasdaq to lowest close since 2014
- Change in Nonfarm Payrolls 151K vs 190K Expected; UE Rate 4.9% vs 5% Expected
- Investors Smell Opportunity in Flint's Stinky Water
- Business services firms' shares bleed as LinkedIn, Tableau crash
St. Jude Medical, Inc. (NYSE: STJ) has authorized a share repurchase of up to $1 billion of its outstanding common stock. The repurchases will occur at such times and at such prices as the management of the company determines and may be effected through transactions in the open market, in privately negotiated transactions or otherwise. As of Nov. 28, 2012, the company had approximately 308 million shares of common stock issued and outstanding. The company expects to fund this program with cash on hand as well as other sources of available liquidity.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Glu Mobile (GLUU) Tops Q4 EPS by 5c; Board Approves Common Stock Buyback Plan
- Control4 (CTRL) Reports In-Line Q4 EPS; Approves $20M Common Stock Buyback
- Harley-Davidson (HOG) Raises Quarterly Dividend 12.9% to $0.35; Adds 20M Shares to Common Buyback Plan
Create E-mail Alert Related CategoriesHot Buybacks, Stock Buybacks
Related EntitiesStock Buyback
Sign 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!