Nordson Corp. recently reported that its board of directors has authorized the company to repurchase up to 1 million common shares of the company’s stock, or approximately 3 percent of the shares outstanding, over a three year period. Repurchases of the 1 million shares authorized by the board in Aug. 2006 were completed Nov. 2008.
Expected uses for repurchased shares include (but are not limited to) funding benefit programs including stock options, restricted stock and 401(k) matching. Shares repurchased will be treated as treasury shares until used for such purposes. Shares may be purchased from time to time at prevailing prices, subject to market conditions, share price and other considerations. Purchases will be made on the open market pursuant to applicable Securities Exchange Act Rules and will be funded from operating cash flows.
For more information, visitwww.nordson.com.
NORDSON CORP. AUTHORIZES SHARE REPURCHASES
January 1, 2009