Pacira announces $150M share repurchase pact

Pacira announced its Board of Directors has approved a new share repurchase program effective immediately, which authorizes the company to purchase up to an aggregate of $150M of its outstanding common stock. Repurchases under the program may be made at management’s discretion on the open market or through privately negotiated transactions. The share repurchase program may be suspended or discontinued at any time by the Company and has an expiration date of December 31 … The company expects to fund the share repurchase program using a combination of existing cash reserves and future cash flows.