St. Jude Medical plans senior debt securities offering, proceeds could go to stock buyback

By AP
Thursday, July 23, 2009

St. Jude Medical plans debt securities offering

ST. PAUL, Minn. — Medical device maker St. Jude Medical Inc. said Thursday it is offering senior debt securities and could use the proceeds to pay debt, buy back stock or fund general purposes.

The company said it could repurchase stock based on an authorized $500 million stock-buyback program.

Shares of St. Jude rose $1.11, or 3.1 percent, to $37.19 in afternoon trading. Shares have traded from $24.98 to $48.24 over the last 52 weeks.
Filed under: Business, Corporate, Corporate News

Tags: , , , ,
Discuss Bellow
Discussion

Susan Ellen MacDonald
July 27, 2009: 5:57 am

Please stay in touch with me, Mr Byrnes. Is your email address really breakingnews@contactmusic.com? If so, please use it as it is easier for me.
I did have a website but, unfortunately, had to discard it because I didn’t have anyone to guide me.

Susan
YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :
 
Submit