Thermo Fisher Scientific Inc. Buyback
OLI recorded this information on 9/23/2021
Company:
Thermo Fisher Scientific Inc.
Buyback:
TMO buyback
$Amount Authorized:
$3,000,000,000
Buyback Details:
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its board of directors has authorized the repurchase of $3 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $500 million was remaining.
Thermo Fisher Scientific is engaged in serving science. Co.'s segments include: Life Sciences Solutions, which provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines, and diagnosis of disease; Analytical Instruments, which provides instruments, consumables, software and services that are used for a range of applications in the laboratory, on the production line and in the field; and Specialty Diagnostics, which provides diagnostic test kits, reagents, culture media, instruments and associated products; and Laboratory Products and Biopharma Services, which provides virtually things needed for the laboratory.
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Buy (3.34 out of 4) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
Analysts' Target Price: TMO Stock Forecast Based on Zacks ABR data; powered by Xignite |