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Nordson Board Authorizes $100 Mln Share Repurchase Program

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Nordson Corp. (NDSN: Quote) said Thursday that its Board of Directors has authorized the repurchase of up to an additional $100 million of the company's common Shares following exhaustion of the September 2011 authorization to repurchase $100 million of shares.

There remains about $14 million available for repurchase under the prior authorization.

Expected uses for repurchased shares include, but are not limited to, funding benefit programs including stock options, restricted stock and 401(k) matching. Shares repurchased will be treated as treasury shares until used for such purposes.

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by RTT Staff Writer

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