Rentech Inc. (RTK) announced that its Board has authorized a new share repurchase program for up to $25 million of the Company's outstanding common stock.
Rentech said it may buy shares in the open market or through privately negotiated transactions from time to time through the expiration of the program on December 31, 2013 as permitted by federal securities laws and other legal requirements.
The new share repurchase program will become effective no sooner than Rentech's next open trading window, which is not expected to occur at least until after the Company reports its first quarter 2013 results in May 2013 and is subject to blackout periods under the Company's insider trading policy.
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