04:56 AM EST, 01/13/2025 (MT Newswires) -- Qiagen ( QGEN ) said Sunday it plans to return up to about $300 million to shareholders through a synthetic share repurchase that combines a direct capital repayment with a reverse stock split.

The synthetic share repurchase will become effective on Jan. 28.

"This approach is designed to return cash to shareholders in a much faster and more efficient way than through a traditional open-market repurchase program," the company said.