S&W Seed Company Buyback
OLI recorded this information on 11/4/2014
S&W Seed Company
S&W Seed Company (Nasdaq: SANW) today announced its Board of Directors has reinstated its common stock buyback program, which lapsed by its terms on June 30, 2014. The buyback program was initially authorized in 2013. Reinstating the program allows S&W to repurchase up to $2.0 million annually of its outstanding shares of common stock, but creates no legal obligation to do so. The amount and timing of repurchases, if any, will depend on a number of factors, including price, trading volume, general market conditions, legal requirements, and other factors. Repurchases may be made on the open market, in block trades, or in privately negotiated transactions.
S&W Seed is an agricultural company engaged in breeding, production and sale of alfalfa seed and sorghum seed. Co. has a commercial market presence in sunflower, wheat and pasture seed and maintains a stevia development program. Co.'s seed platform develops and supplies germplasm designed to produce higher yields for farmers worldwide. Co.'s alfalfa seed products include varieties that exhibit the traits that forage hay farmers, such as high yield, root rot resistance, lodging resistance, salt tolerance, drought tolerance, leafhopper resistance and stem nematode resistance. Co. conducts its breeding and development programs in the U.S., Australia, Europe and South America.
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Strong Buy (4.00 out of 4)