Medtronic Buyback
OLI recorded this information on 6/19/2015
Company: |
Medtronic |
Buyback: |
MDT buyback |
Share Amount Authorized: |
80,000,000 |
Buyback Details: |
In addition to increasing the dividend, the board today approved the authorization of an additional 80 million ordinary shares, which represents approximately 6 percent of the company's total basic shares outstanding, to be purchased under Medtronic's Share Repurchase Plan. There is no specific time period associated with the plan. Over the past 5 years, Medtronic has repurchased $8.3 billion of its outstanding shares, or 176 million shares, which contributed approximately 10 percent to the reduction in the company's outstanding shares prior to the acquisition of Covidien last quarter. |
Medtronic Public Limited Co. is an Ireland-based company, which provides healthcare technology solutions. Co.'s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; Renal Care; Respiratory; Spinal & Orthopedic; Surgical Navigation & Imaging; Urological; Product Manuals; Product Ordering & Inquiries; and Product Performance & Advisories.
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