Smart Balance (SMBL) Reinstates $25 Million Buyback Plan
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Smart Balance, Inc. (Nasdaq: SMBL) today announced that its Board of Directors has authorized the renewal of its program for the repurchase of its common stock, which was to expire on December 31, 2011. This renewal allows for the repurchase of Smart Balance's stock through December 31, 2013.
Since the Company commenced its repurchase program in December of 2009, the Company has purchased approximately $15.6 million of its common stock. Under the terms of the renewed stock repurchase program, the Company is authorized to repurchase up to an additional $25 million of its common stock.
Since the Company commenced its repurchase program in December of 2009, the Company has purchased approximately $15.6 million of its common stock. Under the terms of the renewed stock repurchase program, the Company is authorized to repurchase up to an additional $25 million of its common stock.
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