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Article: Eon Labs Announces Stock Repurchase Program.
- Article from:
- Business Wire
- Article date:
- July 7, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health/Medical Writers
LAURELTON, N.Y.--(BUSINESS WIRE)--July 7, 2003
Eon Labs, Inc. (Nasdaq: ELAB) announced today that its Board of Directors has approved the repurchase of up to 300,000 shares of Eon Labs' common stock over the next twelve months. Eon Labs has adopted a plan to repurchase 125,000 shares under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Depending on market conditions, Eon Labs also expects to conduct purchases in the open market and in privately negotiated transactions from time to time during its normal trading window and may enter into future plans to repurchase shares under Rule 10b5-1. The ...