Taylor Devices (TAYD) to Resume Stock Buybacks
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Taylor Devices, Inc. (Nasdaq: TAYD) reports its Board of Directors voted unanimously to continue the share repurchase agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") under which the Company repurchases shares of its common stock. Of the $500,000 of the Company's cash on hand authorized by the Board last year to repurchase shares of its outstanding common stock, $419,815 remains available for open-market purchases. To date, a total of 15,600 shares have been purchased at an average price per share of $5.14. Repurchases are made by MLPF&S for the benefit of the Company.
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