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Bard announces $500M share repurchase authorization

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Medical technology company C.R. Bard Inc., in the Murray Hill section of New Providence, announced Wednesday its board approved a $500 million stock buyback. The buyback applies to common stock and comes in addition to about $30 million authorized in June 2012.

According to the announcement, share repurchases will be made in the open market or through privately negotiated transactions.

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