LoJack (LOJN) Resumes Buyback Plan; Has 1.28M Common Left

November 27, 2012 4:03 PM EST Send to a Friend
LoJack Corp (NASDAQ: LOJN) has resumed the repurchase of shares under its previously announced stock repurchase plan. Prior to commencing the most recent repurchases, LoJack had remaining authority from its Board of Directors to repurchase up to 1,281,613 shares of common stock.

The Company intends to use existing cash balances to finance the repurchases. Any repurchases will be made through the open market, block trades or in privately-negotiated transactions. The timing and amount of any repurchases will be determined by the Company's management based on its evaluation of market conditions and prices, the Company's liquidity requirements, alternative uses of capital, regulatory requirements and other factors. The stock repurchase program may be suspended, modified or discontinued at any time by the Company's Board of Directors without prior notice.


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