EMS Tech. (ELMG) Announces Additional $20M Buyback

November 6, 2009 10:36 AM EST

EMS Technologies, Inc. (Nasdaq: ELMG) has announced that it is initiating share repurchases under its previously announced authorization to purchase shares costing up to an aggregate of $20 million, principally in transactions involving substantial blocks. Of this authorization, approximately $10 million has previously been expended. Specific repurchase decisions will be based on market prices and conditions at the time, and on continuing evaluation of alternative needs and opportunities for cash usage.


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