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Acorn International, Inc.
Acorn Announces Extension of Share Repurchase Program
December 19th, 2008
Acorn International, Inc. (NYSE:ATV) ("Acorn", or the "Company"), a leading integrated multi- platform marketing company in China engaged in developing, promoting and selling consumer products and services, announced that its board of directors (the "Board"), has approved the extension, until May 31, 2009, of its share repurchase program previously authorized in December 2007. The share repurchase program, which expired in September 2008, originally allowed for the repurchase of up to US$30 million of Acorn's American Depositary Shares, or ADSs. To date, the Company has repurchased a total of 2.5 million of its ADSs at a combined cost of approximately US$22.5 million, with a balance of...
Source: Health Business Week (2008-12-19)
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