Middletown company to start stock buyback program
12:22 PM Fri, Nov 28, 2008 | Permalink
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KVH Industries, of Middletown, said it has authorized a stock buyback program under which the company may purchase up to one million shares, or about 7.1 percent of its outstanding common stock. Management may purchase shares from time to time, in privately negotiated transactions or block transactions or through accelerated purchase agreements, according to a KVH filing with federal regulators. KVH (KVHI:Nasdaq) manufactures products for mobile communication and navigation systems ased on its satellite antenna and fiber optic technologies.
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