Thermo Fisher Scientific Authorizes $4 Billion Share Repurchase
November 10 2022 - 5:20PM
Dow Jones News
By Stephen Nakrosis
Thermo Fisher Scientific Inc. on Thursday said its board
authorized a $4 billion repurchase of common stock.
The latest authorization has no expiration date, the maker of
scientific equipment said.
In October, the company said it was expecting to execute a $1
billion share repurchase program throughout the fourth quarter.
Thermo Fisher has a market capitalization of $190.1 billion,
392.2 million shares outstanding and a public float of 391.31
million shares.
The company's stock ended Thursday's regular session with a 7.4%
gain, closing at $520.58.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 10, 2022 17:05 ET (22:05 GMT)
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