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Synovis said it plans to make purchases in either the open market or through private transactions from time to time, in accordance with Securities and Exchange Commission regulations. The timing and extent to which the company buys back shares will depend on market conditions and other corporate considerations.
The repurchase program does not have an expiration date. As of July 31, the company had $58.3 million in cash, cash equivalents and investments. This marks the second stock buyback program the company has announced in the past 16 months.
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