San Francisco Bay Area biotech stories.
Monday, February 28, 2011
Varian to repurchase $280M in stock
Varian Medical Systems Inc. on Monday announced a $280 million accelerated share-repurchase agreement with Bank of America N.A.
Varian will pay $280 million to Bank of America for approximately 3.5 million shares, or 85 percent of the shares to be repurchased based on Varian's closing price on Feb. 23.
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Varian Medical Systems
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