Brooks Automation, Inc. Buyback
OLI recorded this information on 9/30/2015
Brooks Automation, Inc.
Brooks Automation, Inc. (Nasdaq:BRKS) announced today a $50 million authorization by its Board of Directors for a share repurchase program. Repurchases of the Company's common stock may be made in the open market or through privately negotiated transactions, subject to market and business conditions, legal requirements, and other factors. This share repurchase authorization does not obligate Brooks to acquire any particular amount of common stock, and share repurchases may be commenced or suspended at any time at the Company's discretion.
Brooks Automation provides life science sample exploration and management solutions. Co.'s segments are: Life Sciences Products, which provides automated cold sample management systems for compound and biological sample storage, equipment for sample preparation and handling, consumables, and instruments; and Life Sciences Services, which provides sample management programs, cold chain solutions, informatics, as well as sample-based laboratory services, including sample storage, genomic sequencing, gene synthesis, laboratory processing services, laboratory analysis, biospecimen procurement services and other support services to scientific research and support drug development.
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Strong Buy (3.50 out of 4)