Kopin Corp. (KOPN) announced that its Board has authorized the repurchase of up to $30 million of the Company's common stock.
The company said it intends to finance the repurchase program with available cash.
The company noted that it plans to buy shares in the open market or through privately negotiated transactions from time to time over the next 12 months, subject to market conditions and other factors and in compliance with applicable legal requirements. Kopin has approximately 66.5 million shares of common stock outstanding. On March 15, 2013, the Company's common stock closed at $3.58 per share.
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