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Medical Device

St Jude buys back eight million shares:

This article was originally published in Clinica

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Executive Summary

St Jude Medical has bought back 8 million shares at $38 per share in a Dutch auction self-tender offer. The shares represent 8.7% of the company's outstanding shares. The company, which is based in St Paul, Minnesota, says the buy-back of shares is an attractive use of financial resources.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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