Mechanical Technology, Incorporated Buyback
OLI recorded this information on 6/12/2015
Company:
Mechanical Technology, Incorporated
Buyback:
MKTY buyback
Share Amount Authorized:
525,000
Buyback Details:
On June 11, 2015, the Board of Directors approved a share repurchase program of up to 525,000 shares of its common stock. Repurchases will be subject to market conditions and will be made from time to time either in the open market or through private off-market transactions. The Company's repurchase program may be suspended, discontinued or resumed at any time. The Board authorized the share repurchase program as a result of a periodic review of the market value of the Company and to enhance shareholder value.
Mechanical Technology, via its subsidiary MTI Instruments, Inc., supplies precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools, consisting of electronic gauging instruments for position, displacement and vibration application within the industrial manufacturing/production markets, as well as the research design and process development market; and engine vibration analysis system for both military and commercial aircraft. Co. provides precision measurement products in the following categories including: non-contact measurement; turbine engine/rotating machine measurement and balancing; and diagnostic equipment.
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