Cerner (CERN) Approves $500M Common Stock Buyback Plan
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Cerner Announces Share Repurchase Program
November 14, 2016 9:05 AM ESTKANSAS CITY, Mo., Nov. 14, 2016 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq: CERN) today announced that its board of directors approved a stock repurchase program on November 10, 2016, authorizing the repurchase of up to $500 million of its common stock. The company plans to repurchase shares from time to time in the open market, by block purchase, or possibly through other transactions managed by broker-dealers. No time limit was set for completion of the program.
Based on the November 11, 2016 closing price, approximately 10.3Â million shares, or 3.1 percent of the companys outstanding shares, could... More
