Perrigo Company Extends Share Repurchase Program
Wednesday October 29, 8:52 am ET
ALLEGAN, Mich., Oct. 29 /PRNewswire-FirstCall/ -- The Perrigo Company (Nasdaq: PRGO - News) today announced that its Board of Directors has authorized the repurchase of an additional $20 million of the Company's common stock under its ongoing share repurchase program. As of October 21, 2003, Perrigo had 69,872,968 common shares outstanding.
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Under share repurchase authorizations since November 2000, Perrigo has repurchased approximately six million shares at a cost of approximately $67 million.
Perrigo Company is the nation's largest manufacturer of over-the-counter (non-prescription) pharmaceutical and nutritional products sold by supermarket, drug, and mass merchandise chains under their own labels. The Company's products include over-the-counter pharmaceuticals such as analgesics, cough and cold remedies, gastrointestinal, and feminine hygiene products, and nutritional products, such as vitamins, nutritional supplements and nutritional drinks |
