Financings in Brief: Datascope
This article was originally published in The Gray Sheet
Executive Summary
Datascope: Plans to buy back "up to $20 mil." of its common stock "from time to time, subject to market conditions and other relevant factors affecting the company." Datascope, which currently has approximately 16.1 mil. outstanding shares, says initiating the buyback "reflects the company's long-term view of its prospects." In an April 25 earnings release, the Montvale, New Jersey-based company projected that its near-term results "are likely to be below its earlier expectations" due to "competitive pressures," as well as increasing research and development costs in its patient monitoring division...