Genzyme will buy back $1.5b in stock

May 29, 2007 08:51 AM E-mail| |Comments ()| Text size +

Biotechnology company Genzyme Corp. said today that it will buy back up to $1.5 billion, or 20 million, of its shares over the next three years.

The company says the buyback should reduce dilution from its stock compensation programs and boost earnings per share. (AP)

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