Varian Medical Systems (VAR) Lifts Stock Buyback Plan by 6M Shares

Varian Medical Systems (NYSE: VAR) announced that its Board of Directors has authorized the company to repurchase an additional 6 million shares of its common stock between August 15, 2014 and December 31, 2015.

This authorization is in addition to the approximately 1.25 million shares remaining under a current 6 million share repurchase authorization that covers the period between December 30, 2013 and December 31, 2014. The company expects to begin repurchasing shares under the new authorization during the first quarter of fiscal year 2015.

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Genco Shipping & Trading Limited (GNK) Sends Letter to Shareholders
• Gryphon Digital Mining (GRYP) Announces $5M Share Buyback