Altra Industrial Motion Corp. Buyback
OLI recorded this information on 5/14/2014
Altra Industrial Motion Corp.
Altra Industrial Motion Corp., a global manufacturer and marketer of electromechanical power transmission and motion control products, announced that its board of directors approved a new share repurchase program authorizing the buyback of up to $50 million of the Company's common stock through December 31, 2016.
Altra Industrial Motion designs, produces and markets electromechanical power transmission motion control products. Co.'s technologies are used in various motion related applications and across a variety of manufacturing and non-manufacturing processes. Co.'s segments include: Power Transmission Technologies, which provides various coupling products, clutches, brakes, electromagnetic clutches and brakes, and gears; and Automation and Specialty, which provides rotary precision motion solutions, miniature motors and motion control products, systems that enable and support the transition of rotary motion to linear motion, and diesel engine brake systems and valve actuation mechanisms.
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Buy (3.00 out of 4)