Courtesy of Benzinga.
Fuel Tech, Inc. (Nasdaq: FTEK) today announced that its Board of Directors has authorized the repurchase of up to $6 million dollars of its outstanding common shares through June 30, 2013. The share repurchase program will be funded through the Company’s existing cash.
Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchase will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
