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Nordson (NDSN) Activates $100M Stock Buyback Plan, $85M Remaning

February 27, 2013 9:13 AM EST Send to a Friend
Nordson Corp (NASDAQ: NDSN) activates its existing stock repurchase plan, authorized by Nordson’s Board of Directors in March 2012. Approximately $85 million remains available for repurchasing the company’s common shares under the plan’s total authorization of $100 million.

“Our announcement today reflects continued confidence in the long-term strength of our company and our ongoing commitment to creating shareholder value,” said Nordson President and CEO Michael F. Hilton. “Nordson continues to generate strong cash flow which enables us to be disciplined yet opportunistic in repurchasing shares while also ensuring the proper balance between organic, strategic and continuous improvement initiatives.”




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