SonoSite Plans $50M Stock Buyback

Xconomy Seattle — 

SonoSite (NASDAQ: SONO), the Bothell, WA-based developer of portable ultrasound machines, said today it may spend as much as $50 million to buy back shares of its stock. The company may make purchases in private structured deals, or on the open market, at prices it said it considers appropriate. Earlier this year, SonoSite had another round of buybacks worth about $89 million.