The company said it plans to begin the repurchase program "as soon as possible," and that the repurchases will be funded with available cash on hand.
Members of AgFeed's management have also agreed to enter into one year share lock up agreements with the company.
New York-based AgFeed Industries' primary operations are in China. The company offers premix animal feed and is engaged in hog production.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
http://www.financialwire.net

More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index