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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:11 EDTPRXLPAREXEL authorizes repurchase of up to $150M of common stock
PAREXEL International announced that its board of directors has approved a stock repurchase program authorizing the repurchase of up to $150M of the company's common stock. There is no set expiration date for the program. The company intends to use cash on hand, cash generated from operations, existing credit facilities or other financing to fund the share repurchase program. As of March 31, the company had cash and cash equivalents of approximately $299M and availability under an existing line of credit of $290M.
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