LGL Authorizes Repurchase of up to 100,000 Shares
The LGL Group, Inc. (NYSE: LGL) today announced that its Board of Directors has authorized the repurchase of up to 100,000 shares of the Company's common stock, effective immediately. This authorization increased the total number of shares authorized and available for repurchase under the Company's existing share repurchase program to 540,000 shares, or approximately 21% of the shares outstanding, which is consistent with the Company's historical practice.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.