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TMO Thermo Fisher Scientific Inc

572.38
1.13 (0.20%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Thermo Fisher Scientific Inc NYSE:TMO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.13 0.20% 572.38 579.84 571.63 579.84 1,749,671 01:00:00

Thermo Fisher Board Authorizes $2.5 Billion Stock Buyback

08/11/2019 1:43pm

Dow Jones News


Thermo Fisher Scientific (NYSE:TMO)
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By Colin Kellaher

 

Thermo Fisher Scientific Inc. (TMO) on Friday said its board authorized the repurchase of $2.5 billion of common stock in the open market or in negotiated transactions.

The Waltham, Mass., company, which has about 400 million shares outstanding, sports a market capitalization of roughly $117.7 billion based on Thursday's closing price of $293.54.

Thermo Fisher said the buyback program, which has no expiration date, replaces a previous authorization that had $500 million remaining.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 08, 2019 08:28 ET (13:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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