Courtesy of Benzinga.
Star Bulk Carriers Corp. (NASDAQ: SBLK), a global shipping company focusing on the transportation of drybulk cargoes, today announced that its Board of Directors approved the extension of the Company’s Share Repurchase Plan, which has been in place since 2010, to December 31, 2012.
The plan calls for the repurchases of Common Stock for up to $30 million to be made in open market or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements and other factors.
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