Medical Software Stocks
In simple language, would someone explain this article to me?
Medical-software provider Allscripts-Misys Healthcare Solutions Inc. said late Tuesday that directors approved the repurchase of up to $150 million of the Chicago company’s common stock over the next two years.
Allscripts-Misys was formed through the October merger of Chicago-based Allscripts with the medical-software operations of Britain’s Misys PLC. As part of that transaction, Misys paid Allscripts $330 million in cash and received an 18.9 million-share, 54.5 percent stake in publicly traded Allscripts-Misys.
Under the buyback plan the software provider unveiled Tuesday, Misys PLC has agreed to participate in the repurchase plan by selling to Allscripts the number of shares required to maintain its current stake in the company. Without such an arrangement, Misys’ majority holding would increase as it remained unchanged and the number of Allscripts-Misys shares diminished via the buyback
one company wants it stock back..other agrees to sell it some back..don’t worry your job is safe…for today..
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