Vascular Solutions Unveils $20 Mln Stock Buyback Plan

(RTTNews) - Medical device maker Vascular Solutions, Inc. (VASC) said Thursday that its Board of Directors has authorized a share repurchase plan for up to $20 million of the company's common stock.

Under the plan, shares may be repurchased from time to time through open market transactions, block purchases, or private transactions at any time through December 31, 2015.

Vascular Solutions currently has about 17.2 million shares outstanding.

The company plans to fund any share repurchases with currently available working capital. At September 30, the company had cash and cash equivalents of $42 million and no debt.