Masimo Buyback
OLI recorded this information on 2/14/2013
Company: |
Masimo |
Buyback: |
MASI buyback |
Share Amount Authorized: |
6,000,000.00 |
Buyback Details: |
Masimo (NASDAQ: MASI) today announced that its Board of Directors has authorized the repurchase of up to 6 million shares of the company's common stock. The stock repurchase program may be carried out at the direction of the company through open market purchases, block trades, one or more trading plans adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission, and in privately negotiated transactions. The repurchase program will become effective on February 20, 2013 and is expected to continue for a period of up to 36 months unless it is terminated earlier by the Board of Directors. Any repurchases will be subject to the availability of stock, general market conditions, the trading price of the stock, available capital, alternative uses for capital and the company's financial performance. The company expects to fund the stock repurchase program through its available cash, future cash from operations, or other potential sources of capital. |
Masimo is a medical technology company that develops, manufactures, and markets a variety of noninvasive monitoring technologies and hospital automation solutions. Co.'s main business is Measure-through Motion and Low Perfusion pulse oximetry. Co.'s products offerings also include noninvasive monitoring of blood constituents with an optical signature, optical oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring, exhaled gas monitoring, nasal high flow ventilation, minimally invasive neuromodulation technology for pain and addiction reduction, hospital automation and connectivity solutions and home wellness and monitoring.
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