Synovis Life Technologies (SYNO) Announces Share Buyback Program of Up To 500k Shares
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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.
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