BOTHELL, Wash.--(BUSINESS WIRE)--SonoSite, Inc. (NASDAQ:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today announced that its Board of Directors has authorized SonoSite to repurchase up to $150 million of the Company’s common stock or outstanding convertible notes for cash. In connection with the repurchase authorization, the company will purchase up to $100 million of the Company’s common stock through a modified “Dutch Auction” tender offer. SonoSite intends to commence the tender offer during the week of January 18, 2010.
