Brady Corporation Announces Additional Share Buyback Program
September 30 2008 - 8:00AM
Business Wire
Brady Corporation (NYSE:BRC) announced today that its Board of
Directors has authorized a share buyback program for up to 1
million additional shares of the Company's common stock. The share
repurchase plan may be implemented from time to time on the open
market or in privately negotiated transactions, with repurchased
shares available for use in connection with the Company's
stock-based plans and for other corporate purposes. �Brady�s
continued strong cash flow provides us the flexibility to
re-purchase shares opportunistically as markets allow, and reduce
the dilutive effect of our equity-based incentive plans,� said
Brady CFO Thomas J. Felmer. Brady Corporation is an international
manufacturer and marketer of complete solutions that identify and
protect premises, products and people. Its products include
high-performance labels and signs, safety devices, printing systems
and software, and precision die-cut materials. Founded in 1914, the
company has more than 500,000 customers in electronics,
telecommunications, manufacturing, electrical, construction,
education, medical and a variety of other industries. Brady is
headquartered in Milwaukee and employs more than 7,800 people at
operations in the Americas, Europe and Asia/Pacific. The company�s
fiscal 2008 sales were approximately $1.523 billion. More
information is available on the Internet at www.bradycorp.com.
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