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Article: American Business Financial Services' Board Authorizes 10% Share Buyback; Company Completes Prior Repurchase Program.
- Article from:
- Business Wire
- Article date:
- November 7, 2001
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Business Editors
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Nov. 7, 2001
American Business Financial Services, Inc. (NASDAQ:ABFI), a diversified financial services company operating nationwide, today announced that its Board of Directors has authorized the Company to buy back up to an additional 10% of outstanding shares over the next 12 months.
In addition, the Company announced that it has completed its share buyback program authorized by the Board of Directors in July 2001. The completion of the program resulted in the repurchase of 266,141 shares.
"The Board of Directors continues to believe that one of the best investments ABFI can make ...