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Novanta's Board of Directors Authorizes Additional $200 Million for Share Repurchase Program

1. Novanta Inc. authorized a $200 million share repurchase program. 2. This reflects the Board's confidence in the company's future.

Shares Buyback
-0.84%Current Return
VS
-0.28%S&P 500
$118.2109/18 12:47 PM EDTEvent Start
$117.2209/19 03:21 AM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks often signify strong financial health, which can lead to stock price increases. Historical examples show companies boosting stock prices through similar programs.

How important is it?

The share repurchase program indicates financial strength and commitment to shareholder value, influencing investor perceptions positively.

Why Short Term?

The impact from share buybacks is typically seen in the short-term as demand increases. Investors may react quickly to the announcement of such initiatives.

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BOSTON--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that its Board of Directors has authorized the repurchase of up to an additional $200 million of the Company's outstanding common shares, adding capacity to the $31 million remaining from its 2020 Board authorization, for a total capacity of $231 million. “The Board's action reflects continued confidence in the Company's f.

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