Thermo Fisher Board Approves New $4 Billion Stock Buyback

Dow Jones11-15 21:12

By Colin Kellaher

Thermo Fisher Scientific's board has approved a new $4 billion stock buyback program.

The Waltham, Mass., Life-sciences giant on Friday said the new program has no expiration date and replaces its prior buyback authorization, which had about $1 billion remaining.

Thermo Fisher, which had 382.5 million shares outstanding as of Sept. 28, sports a market capitalization of nearly $204 billion.

The company shelled out $3 billion to buy back 5.5 million shares during the first nine months of 2024.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 15, 2024 08:12 ET (13:12 GMT)

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