Kadant Inc. ( NYSE:KAI ), is not the largest company out there, but it saw significant share price movement during...
Kadant (KAI) rewards shareholders with a share buyback program worth $50 million.
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 16, 2024 through May 16, 2025. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and ot