Abbott Laboratories announces $5 billion buyback plan
Posted October 12, 2008 11:00 pm
Health care products company Abbott Laboratories will buy up to $5 billion in stock under a newly announced share buyback program.
According to a Securities and Exchange commission filing, North Chicago-based Abbott had just over 1.54 billion shares of common stock outstanding as of June 30. The buyback program has no time limit.
Shares of Abbott closed at $49.45 Friday.
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