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Article: Camco Financial Announces 5% Stock Repurchase.
- Article from:
- Business Wire
- Article date:
- April 25, 2006
CopyrightCOPYRIGHT 2006 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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CAMBRIDGE, Ohio -- The Board of Directors of Camco Financial Corporation (Nasdaq:CAFI) has approved a stock repurchase plan under which the company may repurchase up to 5% of its outstanding common stock. Currently, Camco Financial has approximately 7.54 million common shares outstanding. This plan replaces a previous plan that was due to expire in April of 2006.
It is anticipated that the company will complete the program through open market purchases. The repurchased shares will be reserved in treasury for general corporate purposes, including reissue in connection with possible stock dividends, stock option exercises or future acquisitions.
Camco ...