Varian Medical Systems (VAR) Approves 8M Share Common Stock Buyback Plan

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Go back to Varian Medical Systems (VAR) Approves 8M Share Common Stock Buyback Plan

Varian Medical Systems Board of Directors Authorizes Repurchase of Additional 8 Million Shares of Stock

November 21, 2016 5:30 AM EST

PALO ALTO, Calif., Nov. 21, 2016 /PRNewswire/ -- Varian Medical Systems, Inc. (NYSE: VAR) today announced that its board of directors has authorized the company to repurchase an additional 8 million shares of its common stock, commencing on January 1, 2017.  Stock repurchases may be made in the open market, in privately negotiated transactions including accelerated share repurchase programs, or in Rule 10b5-1 share repurchase plans, and also may be made from time to time or in one or more larger blocks.  The company has 4 million shares remaining in an existing 8 million share repurchase authorization that... More