NEW YORK (GenomeWeb) – Thermo Fisher Scientific said today that its board of directors has approved a new $1 billion share repurchase program.

Concurrently, the company also announced a $.15 per share quarterly dividend.

The repurchase authorization allows Thermo Fisher to buy $1 billion of its common stock in both the open market and through negotiated transactions, and replaces an existing authorization that had roughly $410 million remaining. Thermo Fisher said that it intends to begin repurchasing its stock in 2016. 

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