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Thermo Fisher authorizes $3B in share repurchases

September 24, 2021 By Sean Whooley

Thermo FisherThermo Fisher Scientific (NYSE:TMO) yesterday announced authorization for the repurchase of $3 billion in common stock shares.

Waltham, Massachusetts-based Thermo Fisher’s board of directors approved the repurchase of $3 billion in shares of its common stock in the open market or in negotiated transactions, according to a news release.

The authorization has no expiration date and replaces the company’s existing repurchase authorization, of which $500 million had remained, Thermo Fisher said.

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Funding Roundup Tagged With: thermofisherscientific

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at swhooley@wtwhmedia.com.

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