Polypore says board approves buyback of up to 4M shares The company said, "While the drivers of the improvement anticipated in Electronics and EDVs did not develop in the quarter, specific factors in those markets—combined with the strengths of our other businesses—position us for growth occurring over the course of 2013. Additionally, with our capacity investments now substantially complete, we are moving to a period of significant cash generation and earnings growth potential. With that, Polypore's Board of Directors has authorized the repurchase of up to 4 million shares of common stock by December 31, 2013."
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