Ascent announces board authorization of expanded stock purchase program

Schaumburg, ill.--(business wire)--ascent industries co. (nasdaq: acnt) today announced that its board of directors authorized an expanded and extended stock repurchase program under which up to 1,000,000 shares, approximately 10% of its outstanding common stock, may be acquired in the open market over the next 24 months at the discretion of management. bryan kitchen, president and ceo, said, “share repurchases are a key part of our capital allocation strategy. the board's expanded authorizatio.
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