Henry Schein, Inc. HSIC, today announced that its Board of Directors has authorized the repurchase of up to $200 million of shares of the Company's common stock. This program is in addition to the $100 million repurchase program announced in November 2010, which has been fully executed.
The Company currently has approximately 91 million shares outstanding, and this new authorization represents approximately 3.5 percent of shares outstanding at the current stock price. Purchases may be made from time to time in the open market, or through negotiated transactions.
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