AMRI (AMRI) Announces $10M Stock Buyback

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AMRI (Nasdaq: AMRI) today announced that its board of directors has approved a new share repurchase program of up to $10 million. Under the program, the company is authorized to repurchase outstanding shares of its Common Stock in the open market or in private transactions. Shares may be repurchased from time to time and in such amounts as market conditions warrant, subject to price ranges set by management and regulatory considerations.

"This program underscores our confidence in AMRI’s business and our commitment to returning value to our shareholders," said AMRI Chairman and CEO Thomas E. D’Ambra, Ph.D. "We believe that current share price levels represent an attractive investment, particularly in view of the many longer term strategic initiatives AMRI has undertaken over the past six months. The size of the program announced today still positions the company with the financial resources and flexibility to evaluate further growth opportunities as they arise."

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