logo
Share SHARE
FONT-SIZE Plus   Neg

Nordson Board Authorizes $100 Mln Share Repurchase Program

Nordson Corp. (NDSN) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade NDSN now with 
Follow RTT