BOTHELL — SonoSite Inc. announced Friday it will repurchase up to $50 million of its common stock over the next year.
The Bothell-based ultrasound company has already bought back about 3 million shares since February, at a cost of roughly $89 million.
The additional stock purchases will be funded with cash on hand, according to a statement from the company.
At the end of March, SonoSite had about $178 in cash and short-term investment securities.
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