Measure Specialties Reports $7M Share Repurchase Program
Measurement Specialties, Inc. (Nasdaq: MEAS) (the "Company"), a global designer and manufacturer of sensors and sensor-based systems, announced today that the Company's Board of Directors has adopted a program to repurchase from time to time at management's discretion up to $7,000,000 of the shares of the Company's common stock in the open market or in private transactions at prevailing market prices. As of July 20, 2012, the Company had 15,409,462 shares of common stock outstanding. Repurchases will be made under the program using the Company's own cash resources. Needham & Company, Inc. will act as agent for the Company's stock repurchase program.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.