LaBarge, Inc. renews stock repurchase authorization
Aug 25, 2005
LaBarge, Inc. (Amex: LB) announced that its Board of Directors has renewed its authorization for repurchase of up to 1 million shares of the Company's common stock. LaBarge has approximately 16 million shares outstanding.
While the Company has no immediate plans to repurchase any of its shares, these repurchases may be made from time to time in the open market or through privately negotiated transactions, depending on market conditions over the next 12 months. Repurchased common shares will be added to the Company's treasury shares and may be used for general corporate purposes.