Posted Aug. 11, 2009 at 6:21 a.m.
LabCorp plans to repurchase another $250 million of its own stock
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Local Tech Wire
BURLINGTON, N.C. – Laboratory Corporation of America (NYSE: LH) is going on another stock buyback spree.
The Burlington-based company said after the markets closed Monday that it would repurchase $250 million of its share “from time-to-time.”
LabCorp recently completed a $500 million share repurchase plan, having bought back $95.2 million in the second quarter of this year.
LabCorp shares closed at $67.74 Monday.
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