Datron Will Buy Back 5% of Outstanding Shares
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Datron Systems Inc., a Simi Valley maker of satellite tracking dishes and other telecommunications devices, said it plans to repurchase up to 150,000 shares of its stock, or about 5% of its shares outstanding.
Based on the stock’s recent trading prices, the buyback would cost the company about $1.4 million. Datron said it plans to use the repurchased shares for its stock option or incentive-compensation plans.
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