Medical Patent Law Weekly
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Finance
The Female Health Company announces program to repurchase 1,000,000 shares of common stock
February 14th, 2007
The Female Health company (FHCO) announced a program to repurchase up to 1,000,000 shares of the company's common stock. The program will remain in place for a period of one year. The company's board of directors approved this program because it believes the market has undervalued the company's stock and that implementing a repurchase program represents a good use of the company's surplus cash. The company will continue this program during the 12-months period as long as it believes its stock is undervalued. The shares may be purchased from time to time in open market transactions or negotiated transactions at the company's discretion, subject to...
Source: Medical Patent Law Weekly (2007-02-14)
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