Charles River May Buyback Up to $7.5M of Shares

Charles River Associates (NASDAQ: CRAI) today announced that its Board of Directors has authorized an expanded share repurchase program of up to $7.5 million of its common stock, in addition to its currently existing share repurchase program.

In July 2010, the Company announced that its Board of Directors authorized a share repurchase program of up to $5 million of its common stock. As of August 29, 2011, the Company has repurchased 165,311 shares at a cost of approximately $4.2 million under the existing plan.