Financings in Brief: Biomet
This article was originally published in The Gray Sheet
Biomet: Board of directors authorizes repurchase of up to 4 mil. shares "in open market or privately negotiated transactions" between June 24, 1996 and June 23, 1997. Shares acquired will be used for general corporate purposes, "including use in the company's 401(k) and stock option plans," Biomet says. As of May 31, 1996, Biomet had approximately 115.8 mil. outstanding shares...
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