Varian Medical Systems, Inc. Buyback
OLI recorded this information on 11/21/2016
Varian Medical Systems, Inc.
Share Amount Authorized:
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, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy and brachytherapy, as well as associated equipment; and Proton Solutions, which develops, designs, manufactures, sells and services products and systems for delivering proton therapy, for the treatment of cancer.
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Buy (2.86 out of 4)
(ranked lower than approx. 72% of all stocks covered)
Based on Zacks ABR data;
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