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Celadon Group Announces Completion of Its Two Million Share Buyback and Authorization of an Additional Two Million Share Buyback
December 5, 2007 - WMG Interactive
Celadon has announced that it has completed the two million share stock repurchase program which had been authorized by its Board of Directors on October 24, 2007.
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The Company also announced that today, the Board of Celadon authorized a second stock repurchase program, for up to an additional two million shares.
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- As in the case of the October approval, the shares may be purchased in open market or negotiated transactions through December 3, 2008. Chairman and Chief Executive Officer Steve Russell said, "At recent stock prices, and applicable interest rates, we believe that repurchasing these additional shares will likely be accretive to earnings, and provide us with a potentially attractive use of capital."
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