Varian Medical Systems, Inc. Buyback
OLI recorded this information on 11/21/2016
Company:
Varian Medical Systems, Inc.
Buyback:
VAR buyback
Share Amount Authorized:
12,000,000
Buyback Details:
Varian Medical Systems, Inc. (NYSE:VAR) today announced that its board of directors has authorized the company to repurchase an additional 8 million shares of its common stock, commencing on January 1, 2017. Stock repurchases may be made in the open market, in privately negotiated transactions including accelerated share repurchase programs, or in Rule 10b5-1 share repurchase plans, and also may be made from time to time or in one or more larger blocks. The company has 4 million shares remaining in an existing 8 million share repurchase authorization that ends on December 31, 2016.
Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions. Co.'s segments are: Oncology Systems, which designs, manufactures, sells and services hardware and software products for treating cancer with radiotherapy, and treatments such as fixed field intensity-modulated radiation therapy, image-guided radiation therapy, and brachytherapy; Proton Solutions, which develops, designs, manufactures, sells and services products and systems for delivering proton therapy for the treatment of cancer; and Interventional Solutions, which provides products for interventional oncology and interventional radiology procedures and treatments.
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Avg. Broker Rec.
  
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Hold (1.71 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: VAR Stock Forecast Based on Zacks ABR data; powered by Xignite |
