Ampal-American Israel Corp. (AMPL) Announces $20M Buyback
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Ampal-American Israel Corporation (Nasdaq: AMPL) announced today that its board of directors has approved a stock repurchase program, effective as of November 23, 2008. Under the program, Ampal is authorized to repurchase up to $20 million of its outstanding shares of its Class A Stock, its only class of stock, from time to time depending on market conditions, share price and other factors.
Ampal-American Israel Corporation acquires interests in businesses located in the State of Israel or that are Israel-related.
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