Bel Fuse Announces Stock Buyback Program of up to $10M
Bel Fuse Inc. (NASDAQ: BELFA) has authorized the repurchase of up to $10.0 million of the Company's Class B common shares in open market, privately negotiated or block transactions at the discretion of Bel's management. The Board believes that Bel's common stock represents an attractive investment in light of the Company's opportunities, improving profitability, the benefits expected to accrue from its current cost reductions and strong cash position.
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