KVH Announces Purchase and Sales Agreements for Rhode Island Office and Factory, Approval for Share Buyback Program
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KVH Industries has entered into purchase and sales agreements for its Rhode Island office and factory, and its Board has approved a share repurchase program of up to $10 million.
December 11, 2024 | 7:30 pm
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KVH Industries has announced agreements to sell its Rhode Island office and factory, and its Board has approved a share repurchase program of up to $10 million.
The sale of assets could improve KVH's balance sheet, and the share buyback program is likely to be seen positively by investors as it can increase EPS and signal confidence in the company's future. These actions are likely to have a positive short-term impact on the stock price.
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IMPORTANCE 80
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