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Varian repurchases stock, while Tengion raises funds with Medtronic investing

This article was originally published in Clinica

Executive Summary

Radiotherapy specialist Varian Medical Systems is to buy back $280m of its common stock from the Bank of America under an accelerated share repurchase programme. The company will receive approximately 3.5 million shares, or 85% of the shares to be repurchased based on its closing share price on 23 February ($67.09).

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