CareFusion Corp. (CFN) said its board of directors authorized the repurchase of up to $500 million of the company's common stock. The share repurchase program is expected to continue through December 2013.
This is the first share repurchase program for CareFusion, which spun off from Cardinal Health and began operating as a separate publicly traded company in September 2009. The company had approximately 227 million shares of common stock outstanding as of Dec. 31, 2011.
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