Dental technology company Align Technology is repurchasing $150 million of its common stock.
The plan is part of the company's $1 billion repurchase program that was approved by Align's board in 2023, according to an April 26 news release.
Align will purchase the stocks through open-market repurchases with the company's cash on hand.
The company expects to complete the repurchase by the end of July 2024, the release said.