Technology

Cerner will buy back up to $245 million of its shares

The buyback represents about 4.1 million shares, or 1.2 percent of Cerner’s outstanding common stock. No time limit was set for completion of the buyback program.
The buyback represents about 4.1 million shares, or 1.2 percent of Cerner’s outstanding common stock. No time limit was set for completion of the buyback program. Rich Sugg rsugg@kcstar.com

Cerner Corp. on Tuesday announced plans to repurchase up to $245 million of its common stock.

The buyback represents about 4.1 million shares, or 1.2 percent of Cerner’s outstanding common stock.

The shares will be repurchased from time to time in the open market through block purchases or possibly through transactions managed by broker-dealers, the North Kansas City-based health care information technology company said.

No time limit was set for completion of the buyback program.

The Star

This story was originally published September 8, 2015 at 10:55 AM with the headline "Cerner will buy back up to $245 million of its shares."

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