Cyberonics (CYBX) Boosts Buyback by 1M Common

January 28, 2013 9:02 AM EST
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Cyberonics (Nasdaq: CYBX) has approved a new share repurchase program of one million shares.

The company's board of directors had previously authorized repurchases of shares in February 2008, February, 2010, June 2011 and November 2011. This new authorization is expected to commence on completion of the current program.

Since February 2008, and through October 26, 2012, the company has repurchased over 2.9 million shares for approximately $80 million.

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