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Quotes & Info
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| KTII > SEC Filings for KTII > Form 8-K on 19-Mar-2009 | All Recent SEC Filings |
19-Mar-2009
Other Events, Financial Statements and Exhibits
The Board of Directors of K-Tron International, Inc. (the "Company") has authorized the repurchase of up to $10 million of the Company's outstanding common stock at any time and from time to time until March 6, 2010 (the "Repurchase Plan"). Share repurchases, if any, will be funded with available cash, borrowings under the Company's credit facility or a combination of both. Repurchases under the Repurchase Plan may be made through open market purchases at prevailing market prices or in privately negotiated transactions. The timing, volume and nature of share repurchases are subject to market prices and conditions, applicable securities laws and other factors, and are at the discretion of the Company's management. Share repurchases under the Repurchase Plan may be commenced, suspended or discontinued at any time.
A press release relating to the Repurchase Plan is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Shell Company Transactions.
None.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated March 19, 2009 issued by
K-Tron International, Inc.
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