Utek approves $4M buyback |
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Wed, 28 Feb 2007 22:33
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TAMPA, Fla. (AP) - Utek Corp. said Wednesday its board approved the repurchase of up to $4 million in shares over the next year.At the stock's closing price of $12.01 on Tuesday, $4 million would buy about 333,000 shares, or nearly 4 percent of the company's 8.9 million shares outstanding.On Wednesday, shares added 93 cents, or 7.7 percent, to close at $12.94 on the American Stock Exchange. The stock has ranged from $10.43 to $24.70 over the past year.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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