Alere board OKs another $50M stock buyback
Alere Inc. is taking another $50 million swipe at buying back its stock after the board of the Waltham company approved the measure. This follows a previous $50 million buyback plan approved in December.
All told, Alere’s board has given the approval for a total of up to $150 million in stock. According to a release, the $50 million buyback approved in December was completed in the first quarter of this year.