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Shares repurchased under the program will be retired. In December, Neogen's Board of Directors authorized the repurchase of up to 500,000 shares. NEOG) announced today that on it initiated its current com stock repurchase program. The company had 14,600,000 shares outstanding on. Neogen will announce results for the third quarter of its 2009 fiscal year, which ended on March 19. "The price of Neogen shares is at the lowest level in nearly two years," said Nevin Herbert, Neogen's CEO. Shares have been, and additional shares are expected to be, acquired on the open market or in negotiated transactions, depending on market conditions and other factors. Accordingly, there is no guarantee of the exact number of shares to be repurchased. "We believe the price is an extraordinary value given the company's fundamentals and performance that have withstood the worst overall economy in decades." Neogen's second quarter was the 63rd consecutive profitable quarter from operations for the company, and the 67th quarter of the past 72 quarters to show increased revenues as compared with the previous year--a span of 18 years. Neogen Corporation develops and markets products dedicated to food and animal safety.. Neogen Reactivates Share Repurchase Program LANSING, Mich., / - / -- Neogen Corporation (Nasdaq. | garnier body care, 200ml/6.7oz body sensitive soothing restorative balm (extra dry & sensitive skin) for women darphin body care, 200ml/6.7oz lipid replenishing soothing body balm for women gatineau cleanser, 200ml/6.7oz serenite rapid soothing mask - sensitive skin (salon size) for women garnier soft essentials replenishing day care - dry/sensitive skin clarins body care, 200ml/7oz moisture rich body lotion with shea butter (dry skin) for women pevonia botanica night care, 50ml/1.7oz soothing sensitive skin cream for women pevonia botanica night care, 200ml/6.8oz soothing sensitive skin cream (salon size) for women sircuit skin cosmeceuticals body care, 240ml/8oz body wotion sensitive skin total body lotion for women origins body care, 200ml/6.7oz cocoa therapy skin softening body cleanser for women stendhal body care, 200ml/6.7oz bio program soothing leg & foot care for women pevonia botanica cleanser, 200ml/6.8oz soothing sensitive skin mask (salon size) for women dr hauschka body care, 50ml/1.7oz deodorant floral roll-on (for sensitive skin) for women darphin body care, 200ml/6.7oz lipid enriched soothing cleansing cream for women murad night care, 50ml/1.7oz perfecting night cream - dry/sensitive skin for women |