Henry Schein authorizes $400M in repurchase stock plan: 5 things to know

Henry Schein board of directors authorizes the repurchase of up to $400 million of shares in its common stock.

Here are five things to know:

1. This program is in addition to the $400 million repurchase program authorized in October 2016.

2. As of Sept. 15, 2017, Henry Schein has approximately 158 million outstanding shares.

3. This new authorization is approximately 3 percent of shares outstanding at the current stock price.

4. Earlier this month, Henry Schein completed a two-for-one stock split.

5. Chairman of the board and Henry Schein CEO Stanley Bergman said, "Henry Schein's share repurchase program demonstrates our long
term commitment to create further value for our shareholders, and reflects our confidence in long term prospects of our business."

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