PTC Therapeutics Board Authorizes Up to $500 Million in Share Repurchases
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PTC Therapeutics authorized a program to repurchase up to $500 million in common stock, giving management a new option to buy shares as market conditions allow. The company announced the authorization Nov. 3 at 7 a.m. ET (12 p.m. UTC). PTC may buy shares in open-market transactions, including through pre-set trading plans, privately negotiated transactions and accelerated share repurchases. The authorization also permits other methods allowed under securities laws. The timing and amount of any purchases are at management’s discretion; the program sets no schedule or target share count. Chief Executive Officer Matthew B.
Source: TokenPost
