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HealthSouth (HLS +2.8%) holds on to gains made earlier this morning after the company announced...

HealthSouth (HLS +2.8%) holds on to gains made earlier this morning after the company announced plans for a modified Dutch auction to repurchase up to $350M of common stock. The modified Dutch auction allows shareholders to indicate how many shares and at what price they wish to tender their stock. The hospital operator says it will pay between $22.50 and $25.50 per each tendered share as of midnight on March 19.
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