Tags: US | Bristol | Myers | Shareholders

Bristol-Myers Board OKs $3 Billion Share Repurchase

Tuesday, 04 May 2010 11:47 AM

 


Drugmaker Bristol-Myers Squibb Co. says its board is authorizing the repurchase of up to $3 billion of its common stock.

The New York company says the repurchasing program has no expiration date and will take place over the next few years. It says the decision reflects Bristol-Myers' strong financial position, which included $9.8 billion in cash and marketable securities at the end of the first quarter.

Bristol-Myers shares rose 34 cents to $25.47 in morning trading.


© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved