14.05.2014 17:56:10
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Altra Industrial Motion Authorizes $50 Mln Share Buyback
(RTTNews) - Altra Industrial Motion Corp. (AIMC) has approved a new share repurchase program to buyback of up to $50 million of common stock through December 31, 2016.
"Altra's first-ever stock repurchase program reflects a step change in our ability to generate free cash flow, our strong balance sheet, and the board's confidence in our long-term strategy and growth prospects," said Chairman and CEO Carl Christenson."
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