Stock Buybacks

Lannett Company, Inc. (AMEX: LCI) today announced that its Board of Directors has approved a reauthorization of the stock repurchase program. Under the program, the company is authorized to repurchase up to $5 million of Lannett's outstanding common stock from time to time in open market and privately negotiated transactions.

"The repurchase program reflects the board's optimism and confidence in the future of our company and the belief that at current prices Lannett shares represent an attractive long term investment for the company and its shareholders," said Arthur Bedrosian, president and chief executive officer of Lannett.

Dr. Pepper Snapple (NYSE: DPS) authorized the repurchase of up to $200 million of the company's outstanding common stock over the next three years.

Electronics For Imaging, Inc. (NASDAQ: EFII) announced today that it has commenced a modified “Dutch Auction” tender offer to purchase up to 4,500,000 shares of its common stock at a price not less than $11.25 per share or more than $12.75 per share. The number of shares proposed to be purchased in the tender offer represents approximately 9% of EFI’s currently outstanding shares. The last reported sales price per share of EFI’s common stock on the NASDAQ Global Select Market on November 19, 2009 was $11.59 per share.

The tender offer will expire on December 18, 2009 at 12:00 midnight, New York City time, unless extended. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that will be distributed to stockholders.

For more details of the offer, Click Here.

Telephone and Data Systems, Inc. (NYSE: TDS) announced that its board of directors has authorized a new $250 million stock repurchase authorization that will expire in three years. The new repurchase authorization allows the repurchase of TDS Common and TDS Special Common shares, as market conditions permit.

"We believe share repurchases may play a meaningful role in our ongoing efforts to grow shareholder value," said LeRoy T. Carlson, Jr., TDS President and CEO. "This authorization is the third $250 million stock repurchase program since June 2007, and while the first two programs were completed well ahead of schedule, we currently plan to execute this authorization in a more measured manner. We ended the third quarter of 2009 with a strong, investment-grade balance sheet and both of our business units, U.S. Cellular and TDS Telecom, are free cash flow positive. This financial strength gives TDS the flexibility to continue to repurchase its shares."

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Bob Evans Farms, Inc. (Nasdaq: BOBE) today announced that its board of directors has approved a 12.5 percent increase in the quarterly cash dividend from 16 cents per share ($0.16) to 18 cents per share ($0.18) on the company's outstanding common stock ($0.01 par value). The increased dividend is payable on Dec. 15 to stockholders of record at the close of business on Dec. 4.

The Company also announced that its board of directors has authorized a stock repurchase program of up to one million shares. The repurchase authorization is effective immediately, through the remainder of the Company's 2010 fiscal year, which ends April 30, 2010.

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