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Gilead Sciences announces $5 billion in stock repurchase financing

Posted on 08 May 2014

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Gilead Sciences has authorized a repurchase of up to $5 billion of the company’s common stock.

This is in addition to a separate $5 billion buyback program announced in January 2011, which has approximately $2.9 billion remaining in the plan and is expected to be completed by September 2014.

The new program expires three years after the completion of the current repurchase program.

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