Seeking Alpha

Central Garden & Pet reloads buyback firepower

|About: Central Garden & Pet Company (CENT)|By:, SA News Editor

Central Garden & Pet Company (CENT +2.7%) unveils a new stock repurchase program that allows the company purchase up to $100M worth of its stock.

In addition, the new program also authorizes Central Garden & Pet to make supplemental purchases to minimize dilution resulting from issuances under its equity compensation plans.

The company recently completed the purchase of shares remaining under the board's prior stock repurchase authorization.

Source: Press Release

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