Kadant (KAI) Authorizes $50M Worth of Share Buyback Program

The company's shares inched down 0.6% yesterday to eventually close the trading session at $279.13. Details on Share Buyback Programs Under the buyback program, Kadant has been authorized by its board of directors to repurchase up to $50 million worth of shares. Subject to market conditions and other factors, the buyback can be carried out in the open market or through privately negotiated transactions, including under Securities Exchange Act Rule 10b-5- 1 trading plans. This program is effective from May 1 ...