Physician Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Physician Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
AmerisourceBergen Corporation
Pharma firm authorizes $450M share repurchase program
June 15th, 2005
AmerisourceBergen Corporation (ABC) announced that its board of directors has authorized the company to repurchase up to $450 million of its outstanding shares of common stock subject to market conditions. As of April 30, 2005, the company had approximately 104.2 million common shares outstanding. The company will repurchase the shares from time to time for cash in open market transactions in accordance with applicable federal securities laws and in accordance with the terms of its debt instruments, which currently would allow the use of approximately half of the program in fiscal 2005. The company will hold any repurchased shares as treasury shares,...
Source: Physician Law Weekly (2005-06-15)
|
