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Henry Schein to buy back $400M of common shares

Henry Schein Inc.'s board authorized the repurchase of up to $400 million of common shares.

The New York-based healthcare distributor said the buyback represents about 3% of approximately 153 million outstanding shares as of Dec. 12. The shares will be bought from time to time in the open market or through negotiated transactions.

The program is in addition to a $400 million stock buyback program, announced in September 2017, which has been fully utilized.