Illumina Announces New $250 Million Share Repurchase Authorization

SAN DIEGO--(BUSINESS WIRE)--Illumina (Nasdaq:ILMN) today announced that its Board of Directors has authorized the company to repurchase, on a discretionary basis, up to $250 million of its outstanding common shares in the open market or in privately negotiated transactions, subject to market conditions and other factors. The company also announced the completion of the existing discretionary authorization of $96 million that was repurchased since the company reported earnings on October 20th.

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