Benzinga | Sep 23, 2021 04:06PM EDT

Thermo Fisher Scientific Authorizes $3 Billion of Share Repurchases

Thermo Fisher Scientific Inc. (NYSE:TMO), the world leader in serving science, today announced that its board of directors has authorized the repurchase of $3 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $500 million was remaining.