The Female Health Co extends stock repurchase program The Board of Directors extended the company's stock repurchase program through December 31, 2013. The program was previously due to expire at the end of calendar year 2012 and has a repurchase cap of 3M shares of common stock. The company has repurchased approximately 2M shares under the program, and approximately 1M shares remain for potential repurchase.
News For FHCO From The Last 14 Days
Check below for free stories on FHCO the last two weeks.
The Female Health Co announces new strategic direction, suspends dividends The company plans to suspend payment of quarterly dividends and devote cash flows towards strategic initiatives planned to accelerate company's long-term growth in revenue and earnings. It plans to invest in growing the market for the FC2 Female Condom. The company will also evaluate investments in new products, technologies and/or businesses that complement the core competencies and strengths of the Company. It believes the risks associated with a single product offering, along with the significant volatility in purchasing patterns for FC2, can be mitigated by the presence of a more diversified portfolio of business activities. The company may have the ability to utilize a portion of our operating cash flows to strategically buy back FHCO shares under the company's stock repurchase program.