ICU Medical, Inc. (ICUI) said its Board of Directors has raised the buy-back authorization up to an aggregate of $55.0 million.
Under current authorization and taking into account previous purchases of $6.5 million of shares, the company has the ability and currently intends to repurchase up to approximately $43.5 million of its common stock.
As of October 19, 2009, the company had approximately 14.8 million shares of common stock outstanding.
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