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St. Jude Medical to buy back up to $300M in shares

Fri, 10/22/2010 - 6:45am
The Associated Press

St. Jude Medical Inc., a medical device maker, said Friday it will repurchase up to $300 million in stock.

The program is in addition to the $600 million share repurchase program already announced.

Shares acquired during the program will be used for general corporate purposes. The company had about 329 million shares outstanding as of Oct. 13.

In morning trading, shares of St. Jude Medical rose 31 cents to $39.23.

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