Radiation therapy firm Varian Medical Systems said that its board of directors has authorized repurchase of an additional 8 million shares of its common stock.
The buyback period begins immediately and will extend through September 30, 2011, according to the Palo Alto, CA-based vendor. Varian has already repurchased 3.7 million shares of stock under a previous 5-million-share repurchase authorization that expires on December 31.
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