AeroVironment (AVAV) Approves $25M Common Stock Buyback Plan
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Engaged Capital Sends Letter to Chairman and Chief Executive Officer of AeroVironment, Inc.
September 24, 2015 4:30 PM EDTCalls on AVAVs Officers and Directors to vote their shares in favor of declassification proposal, consistent with the Boards recommendation to AVAV shareholders Disappointed to learn that the declassification process, if approved, will begin in 2016 instead of 2015 AVAV should retain proxy solicitor to overcome burdensome two-thirds supermajority vote
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Engaged Capital, an investment firm specializing in enhancing the value of small and mid-cap North American equities, today sent a letter to Chairman and Chief Executive Officer of AeroVironment, Inc. (AVAV or the... More
AeroVironment, Inc. Announces New Stock Repurchase Authorization
September 24, 2015 4:30 PM EDTSIMI VALLEY, Calif.--(BUSINESS WIRE)-- AeroVironment, Inc. (NASDAQ: AVAV) today announced the companys Board of Directors has authorized a stock repurchase program of $25 million, effective immediately. Repurchases are expected to be made from time to time through open market transactions. No time limit has been established for the completion of the program. AeroVironment currently has approximately 23.5 million shares of common... More
