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Synovis Life to buy back up to 500,000 shares

Synovis Life plans to buy back up to 500,000 common shares; no deadline for purchases

  • On 1:38 pm EDT, Tuesday September 29, 2009

ST. PAUL, Minn. (AP) -- Synovis Life Technologies Inc., a medical device maker, said Tuesday it will buy back up to 500,000 shares of common stock.

It will buy the shares either in the open market or through private transactions from time to time. The timing will depend on market conditions and other considerations. There is no expiration date for the buybacks.

St. Paul-based Synovis had $58.3 million in cash and cash equivalents as of July 31.

Synovis' shares rose 30 cents to $13.71 in afternoon trading.

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