Medindia

X

Abbott Announces New $5 Billion Share Repurchase Program

Monday, October 13, 2008 General News J E 4
Advertisement
ABBOTT PARK, Ill., Oct. 13 Abbott's board ofdirectors has authorized the repurchase of up to $5 billion of thecorporation's common stock.

The purchases may be made from time to time as market conditions warrantand subject to regulatory considerations. The timing and amounts of anypurchases will be determined by the company's management. The sharerepurchase authorization has no time limit and may be discontinued at anytime.

About Abbott

Abbott (NYSE: ABT) is a global, broad-based health care company devoted tothe discovery, development, manufacture and marketing of pharmaceuticals andmedical products, including nutritionals, devices and diagnostics. Thecompany employs more than 68,000 people and markets its products in more than130 countries.

Abbott's news releases and other information are available on thecompany's Web site at http://www.abbott.com.

SOURCE Abbott
Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Volcano Corporation Announces Schedule of Events f...
S
Quest Analytics Finalizes Agreement to Enhance Mer...