Align Technology announced that it is planning to repurchase $100M of Align’s common stock through open market repurchases under Align’s $1B stock repurchase program that was approved by Align’s Board of Directors in January 2023. This $100 M open market repurchase is in addition to the $250M repurchase of Align’s common stock under an accelerated stock repurchase agreement that was announced on October 27. “Invisalign is the most trusted brand in the Orthodontic industry globally and we believe our record Q3’23 teenage shipments reflect market share gains for our clear aligners,” said Joe Hogan, president and CEO. “Today’s announcement of Align’s $100M open market repurchases along with my additional $1M share buyback demonstrates our confidence in our business and commitment to increasing shareholder value. This amount is in addition to the $1.0 million of Align’s common stock that Joe Hogan recently purchased in October 2023.
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