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Thermo Fisher Scientific Inc. Buyback

OLI recorded this information on 9/23/2021

Company: Thermo Fisher Scientific Inc.
Buyback: TMO buyback
$Amount Authorized: $3,000,000,000
Buyback Details: Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its board of directors has authorized the repurchase of $3 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $500 million was remaining.

Thermo Fisher Scientific is engaged in serving science. Co.'s segments include: Life Sciences Solutions, which provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines, and diagnosis of disease; Analytical Instruments, which provides instruments, consumables, software and services that are used for a range of applications in the laboratory, on the production line and in the field; and Specialty Diagnostics, which provides diagnostic test kits, reagents, culture media, instruments and associated products; and Laboratory Products and Biopharma Services, which provides virtually things needed for the laboratory.

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Company Name:  Thermo Fisher Scientific Inc
Stock buyback:  TMO buyback
Website:  www.thermofisher.com
Sector:  Biotechnology
Number of ETFs Holding TMO:  109
Total Market Value Held by ETFs:  $25.74B
Total Market Capitalization:  $218.71B
% of Market Cap. Held by ETFs:  11.77%
 

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March 28, 2024    7:11 AM Eastern
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Buy (3.31 out of 4)
45th percentile
(ranked lower than approx. 55% of all stocks covered)

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