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Stock repurchasing

This article was originally published in The Gray Sheet

Executive Summary

Summit Technology and ESC Medical Systems are among several device firms to initiate stock repurchase programs during the week of Aug. 31 in the wake of volatility in the broader market. Both firms plan to repurchase up to 1 mil. shares to take advantage of what they see as undervalued share prices relative to growth prospects. Other firms announcing stock repurchase programs during the week include Collagen Aesthetics (450,000 shares); Carter-Wallace (1 mil. shares); Sabratek (1 mil. shares); and Organogenesis (500,000)
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