Gen-Probe Incorporated Announces $250 Million Stock Repurchase Plan

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SAN DIEGO, Aug. 26 /PRNewswire-FirstCall/ -- Gen-Probe Incorporated announced today that its board of directors has authorized the repurchase of up to $250 million of the Company's common stock over the next two years.

"Based on our healthy balance sheet and strong operating cash flows, we believe we can increase long-term shareholder value and offset dilution from employee stock...