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Acorn Energy, Inc.
Acorn Energy Announces Share Repurchase Program
October 24th, 2008
Acorn Energy, Inc. (NASDAQ:ACFN) announced that its Board of Directors has authorized a share repurchase program of up to 1,000,000 shares of its common stock. The share repurchase program will be implemented at management's discretion from time to time. At September 30, 2008, excluding balances at its wholly owned and controlled subsidiaries, Acorn had cash and marketable securities of over $18.6 million, consisting of cash of $16.3 million (including $2.5 million of restricted cash), and marketable securities, consisting of approximately 500,000 shares of Comverge Inc., with a market value of $2.3 million. Keywords: Acorn Energy, Inc. ...
Source: Health Business Week (2008-10-24)
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