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August 7, 2012
16:11 EDTBTNBallantyne Strong discontinues share repurchase program
Ballantyne Strong announced that its Board of Directors has discontinued the Company's current share repurchase program which was announced on 12/22/2011. Since commencement of the plan, the Company repurchased 575,877 shares for total consideration of $2,756,381, or an average price of $4.79 per share. The Company intends to focus its capital allocation initiatives on optimizing its current operations which include strategic, accretive acquisitions.
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