Lifeway Foods has announced that the Company's Board of Directors has approved a new share repurchase program of up to 200,000 shares.
_____________________
Lifeway Foods Announces New 200,000 Share Buyback Program
MORTON GROVE, Ill., /PRNewswire-FirstCall/ -- Lifeway Foods, Inc. (Nasdaq: LWAY), makers of a nutritious, probiotic dairy beverage called Kefir, announced today Lifeway's Board of Directors approved a new share repurchase program of up to 200,000 shares.
Under such a program, Lifeway Foods may repurchase up to 200,000 shares of the Company's Common Stock through the open market within a period of one year from the date of the first purchase. The Company will use its available cash resources to fund the stock repurchase program.
Julie Smolyansky, Lifeway's CEO, commented, "We are very pleased that our Board of Directors has approved this share repurchase program as we feel, at this time, investing in our own company is the best investment out there for us. This new 200,000 share approval demonstrates our continuing commitment to growth and enhancing shareholder value. This buyback will be funded through our internal operating cash flows."
SOURCE: Lifeway Press Release
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment