Limoneira Co. (LMNR), an agribusiness and real estate development company, Monday announced board approval to buy back up to $30 million of its stock. The company also confirmed the completion of its review of potential strategic options, which began on December 1, 2023.
Limoneira plans to continue strategic options to increase long-term stockholder value. It will remain open to potential mergers and acquisitions while also working to sell non-core assets as part of its regular business strategy.
In the pre-market trading, Limoneira is 2.65% higher at $19 on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.