Cerner doubles $500M stock repurchase program

Cerner Corp. will double a previously announced stock buyback plan, the company announced Monday. Cerner previously approved a $500 million stock repurchase in May 2017; at the company's board meeting on Thursday, Cerner (Nasdaq: CERN) approved an additional $500 million, for a total of $1 billion. "The Board of Directors and our leadership team believe Cerner's shares are an attractive investment, and share repurchases are an important part of our capital allocation strategy," Cerner CFO Marc Naughton…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news