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Stock Repurchase Program Declared by Bausch Health Companies (TSE:BHC)
Summary
Bausch Health Companies (TSE:BHC - Get Free Report) declared that its board has approved a share buyback program on Wednesday, October 28th, RTT News reports. The company plans to repurchase C$70 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.9% of its stock through open market purchases. Share repurchase programs are usually a sign that the company's board believes its stock is undervalued.