Cerner will buy up to $317 million of its shares
05/27/2014 3:37 PM
06/03/2014 10:17 AM
Fast-growing Cerner Corp. said Tuesday that its board of directors has approved an amendment to its stock repurchase program to buy up to $100 million more of its common stock.
The North Kansas City-based health information technology company already had board approval for a $217 million repurchase program, announced in December 2013.
The expansion brings the total authority to $317 million. No time limit was set for the repurchases.
The company said it plans to buy the shares “from time to time in the open market, by block purchase, or possibly through other transactions managed by broker-dealers.”
Shares in Cerner closed at $54.12, up $1.
| Diane Stafford, email@example.com