US EditionGlobus Medical Announces $500M Share Repurchase Program to Boost Shareholder Value
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Globus Medical Announces $500M Share Repurchase Program to Boost Shareholder Value
AUDUBON, PA — Globus Medical, Inc. (NYSE: GMED) announced that its Board of Directors has authorized a share repurchase program of up to $500 million of the company’s common stock. “We believe the recent volatility in our share price has created a meaningful disconnect between our intrinsic value and our market valuation,” said Keith Pfeil, Chief Financial Officer and Chief Operating Officer of Globus Medical. “Given our strong track record of g…
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