ASV board approves implementation of $50 mln share buyback plan

Newswire

Oct 31 (Reuters) - ASV Inc. on Tuesday said its board has approved the implementation of a $50 million share repurchase plan over the next three years. ASV plans to fund the repurchases with available cash and investments, as well as cash expected to be generated from future operations, the company said in a statement. ASV Chief Executive Dick Benson said the company's shares were undervalued in the marketplace. "Because of this, we believe it is in the best interest of our shareholders ...

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