Gen-Probe Incorporated Announces $100 Million Stock Repurchase Plan

SAN DIEGO, Feb. 18 /PRNewswire-FirstCall/ -- Gen-Probe Incorporated announced today that its board of directors has authorized the repurchase of up to $100 million of the Company’s common stock over the next year.

Repurchases may occur from time to time and at Gen-Probe’s discretion, depending on market conditions and other factors. Shares may be purchased on the open market or through private transactions, pursuant to Rule 10b5-1 trading plans or other available means.

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Gen-Probe Incorporated

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