Varian Medical (VAR) Discloses New 5M Share Buyback Plan
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Varian Medical Systems Inc. (NYSE: VAR) disclosed that on November 13, 2009, the Company's Board of Directors authorized the Company to repurchase up to 5,000,000 shares of its common stock from time to time during the period beginning on January 1, 2010 and ending on December 31, 2010. Stock repurchases will be made in the open market, in privately negotiated transactions, or in Rule 10b5-1 share repurchase plans, and may be made from time to time or in one or more larger blocks.
his new authorization is in addition to the 8,000,000 share repurchase authorization approved by the Company's Board of Directors in November 2008, which expires December 31, 2009 and pursuant to which the Company has repurchased shares of its common stock from time to time during the calendar year.
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