Friday, August 26, 2011

Varian to buy back $250 million in shares

Medical device company Varian Medical Systems Inc. said Friday it agreed to buy back $250 million of its common stock under an accelerated share repurchase program.
Palo Alto-based Varian (NYSE:VAR) said the company also amended its revolving credit facility with Bank of America N.A. to increase its borrowing capacity from $225 million to $300 million.

No comments:

Post a Comment