Thermo Fisher (TMO) Raises Buyback Plan by $500M

July 16, 2012 7:14 AM EDT
In addition to announcing the acquisition of One Lambda, Thermo Fisher (NYSE: TMO) also announced that its board of directors has authorized the repurchase of an additional $500 million of shares of its own common stock in the open market or in negotiated transactions.

The new repurchase authorization will remain in effect through December 31, 2012. As of June 30, 2012, the company had $250 million remaining under its existing share repurchase authorization, which expires November 9, 2012.

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