Milford-based scientific laboratory equipment maker Waters Corp. will repurchase up to $500 million in outstanding common shares over the next two years.
The repurchase plan picks up where the company’s last $500 million share repurchase, which began in February 2007, left off.
The company said the purchases would be made on the open market. The company’s stock is currently trading at slightly more than $35 per share.
Waters’ annual stockholders’ meeting is scheduled for May 12 at the company’s Milford headquarters.
