Waters OKs $500m share buyback
MILFORD -- Waters Corp. said today that its board approved a plan to repurchase up to $500 million in shares over the next two years.
Shares of the company, which makes instruments used to separate compounds used in biochemistry, rose $2.33, or 2.9 percent, to $82.82 in midday trading.
The company's previous $500 million buyback program was recently completed.
Purchases will be made through open market transactions, subject to market conditions and trading restrictions.