News & Analysis » US
BioSpecifics Tech To Repurchase Up To $2 Mln Of Common Stock - Quick Facts
June 4, 2010, Friday, 12:31 GMT | 07:31 EST | 17:01 IST | 19:31 SGT
(RTTNews) - BioSpecifics Technologies Corp. (BSTC) announced that its board has authorized the repurchase of up to $2 million of its outstanding common stock.
As per the repurchase program, over the next year the company plans to repurchase stock through a broker in the open market, provided that the timing, actual number and price per share of the stock to be purchased will be subject to market conditions, applicable legal requirements, including Rule 10b-18 of the Securities and Exchange Act of 1934, as amended, and various other factors.
As of March 31, 2010, the company had 6.21 million shares of stock outstanding.
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