Supplement Maker Plans $10-Million Stock Buyback
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Natrol Inc., a Chatsworth-based manufacturer and marketer of branded dietary supplements, announced plans to repurchase up to $10 million of the company’s stock.
“Given the current market valuation of Natrol’s stock, we feel that repurchasing shares is a sound investment that benefits our shareholder base as a whole,” said Elliott Balbert, Natrol’s president and chief executive.
Under the terms of the program, Natrol expects to buy stock from time to time in the open market or in privately negotiated transactions, depending on market conditions and other business factors. Shares closed Monday at $8.
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