Steel Dynamics Inc announces raise in share repurchase plan

Wed. August 27, 2008; Posted: 11:23 AM

Aug 27, 2008 (M2 EQUITYBITES via COMTEX) -- STLD | Quote | Chart | News | PowerRating -- The board of directors of Steel Dynamics Inc (Nasdaq: STLD | Quote | Chart | News | PowerRating) reported on 26 August an increase in its existing share repurchase programme by 10m shares. According to the company, it has bought back 7.9m of its shares since the July 29 authorisation of an additional 5m shares, which at the time raised the number of shares that could be repurchased to 8.9m shares. The company, with the current authorisation, can now purchase up to an additional 11.0m shares.

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For full details on Steel Dynamics Inc (STLD) click here. Steel Dynamics Inc (STLD) has Short Term PowerRatings of 7. Details on Steel Dynamics Inc (STLD) Short Term PowerRatings is available at This Link.

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