St. Jude Medical approves $500M stock buyback
St. Jude Medical says its board approved a repurchase of up to $500 million in stock
- On 9:32 am EDT, Friday October 23, 2009
ST. PAUL, Minn. (AP) -- St. Jude Medical Inc. said Friday its board of directors approved a plan to buy back as much as $500 million in stock.
The company will buy back the shares on the open market or in privately negotiated deals
If the medical device maker were to buy back all the shares at Thursday's closing price of $34.43, it would repurchase 14.5 million shares.
St. Jude had 348 million shares on the market as of July 30.
The stock rose 27 cents to $34.70 in opening trading.
Related Headlines
- Keeping Pace At Medtronic - at Investopedia
- Medtronic 2Q profit rises 59 percent on sales - AP
- Medtronic earnings top estimates; raises outlook - Reuters
- Coverage initiated on St. Jude Medical by Morgan Joseph - Briefing.com
- Healthcare Spin Off Companies Offer Opportunity To Investors According To Credit Suisse Senior Analyst - Wall Street Transcript
Related Blog Headlines
- Boston Scientific's New Product - Zacks.com
- St. Jude Medical: Filling-the-Gap on Short Squeeze - at Seeking Alpha
- Nov. 24: Unusual Volume Leaders - at CNBC
- Why Medtronic's Strong Earnings Are Good News for Its Rivals - at The Wall Street Journal Online
- Zacks Bull and Bear of the Day Highlights: Petrobras, St. Jude Medical, Motorola Inc., Sprint Nextel Corp. and Alcatel-Lucent - Zacks.com
Sponsored Links
-
Trade Stocks? Try Currency Trading
Trade in a highly trending market 24-hrs a day, 5.5 days a week. GFT. -
Earn From 1.90% to 2.20% Apply Online
With GE Capital Corporation. Not An Offer Of Securities For Sale.
-
Buy Stocks for $4
No account or investment minimums. No inactivity fees. Start Today. -
Super Cheap Car Insurance Quotes
Get Discount Auto Insurance Quotes Online - Rates from $15 / Month.
Tech Ticker Recent Posts
Add Alert Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.