Pennsauken-based IT company RCM Technologies announced today its board of directors has approved a new stock repurchase program to repurchase up to $5 million of RCM's outstanding shares of common stock from time to time over the next 12 months.
According to the announcement, under RCM's previous stock repurchase program, RCM repurchased $7.5 million of RCM's common stock during the period from February 2010 through January 2013. In accordance with applicable securities and other laws the stock repurchases may be made from time to time in the open market or in privately negotiated transactions, depending on market conditions, share price and availability and other factors at RCM's discretion. The stock repurchase program may be suspended or discontinued at any time without prior notice.
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