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Article: SRS Labs' Board Authorizes Repurchase of Shares of its Common Stock
- Article from:
- PR Newswire
- Article date:
- September 11, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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SANTA ANA, Calif., Sept. 11 /PRNewswire/ -- SRS Labs, Inc. (Nasdaq/NNM: SRSL) today announced that its Board of Directors had authorized a program to repurchase up to 500,000 shares of its common stock. Purchases may be made for cash from time to time, over a period extending through December 31, 1997, unless extended or shortened by the Board. The repurchase authority allows the Company to selectively repurchase its stock in open market and/or privately-negotiated transactions. The timing of the repurchases and the number of shares repurchased will depend upon market conditions and corporate requirements. The reacquired shares will be initially held as treasury ...