Medstone Board OKs Stock Repurchase

Medstone International Inc.’s board approved the repurchase of up to 250,000 shares of common stock. The Aliso Viejo medical equipment maker said it will use some of the shares for employee stock programs. The company has about 4.6 million shares outstanding. The stock, which traded as high as $8.31 last June, rose 28 cents Friday to $5.31 a share on the Nasdaq market. Medstone makes lithotripters, which use shock waves to break down kidney stones.