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Financings in Brief: Guidant

This article was originally published in The Gray Sheet

Executive Summary

Guidant: Plans to repurchase up to $175 mil. of its common stock "over the next several years in the open market or in privately negotiated purchases," the firm states. The shares will be used in stock option programs for employees and directors. Guidant recently canceled a planned 9 mil.-share secondary offering ("The Gray Sheet" Oct. 28, p. 16)...
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