Landec Announces $10 Million Buyback Program
Landec Corporation (Nasdaq: LNDC) today announced that its Board of Directors has authorized a stock repurchase program under which the company may repurchase up to $10 million of the company’s outstanding common stock.
Landec's Chairman and Chief Executive Officer, Gary T. Steele said, "The Board of Directors believes that Landec’s common stock price does not reflect the true value of the Company and that the repurchase program represents a sound investment opportunity for Landec, consistent with our commitment to enhancing shareholder value.”
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