Courtesy of Benzinga.
Matthews International Corporation (Nasdaq: MATW) today announced that its Board of Directors approved a continuation of the Company’s stock repurchase program. In January 2010, the Board approved the repurchase of a total of 2,500,000 shares. Approximately 330,000 shares remain to be purchased under this authorization. Upon the repurchase of these remaining shares, the new authorization allows Matthews to purchase up to an additional 2,500,000 shares of the Company’s common stock.
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