Thermo Fisher Board Authorizes $2.5 Billion Stock Buyback
November 08 2019 - 8:43AM
Dow Jones News
By Colin Kellaher
Thermo Fisher Scientific Inc. (TMO) on Friday said its board
authorized the repurchase of $2.5 billion of common stock in the
open market or in negotiated transactions.
The Waltham, Mass., company, which has about 400 million shares
outstanding, sports a market capitalization of roughly $117.7
billion based on Thursday's closing price of $293.54.
Thermo Fisher said the buyback program, which has no expiration
date, replaces a previous authorization that had $500 million
remaining.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 08, 2019 08:28 ET (13:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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