ELK GROVE VILLAGE, Ill., Sept. 14, 2011 /PRNewswire/ -- Material Sciences Corporation (NASDAQ: MASC), a leading provider of material-based solutions for acoustical and coated applications, today announced that the company's board of directors has authorized the repurchase of up to 1 million additional shares of common stock. The previous authorization announced in late May 2011 has approximately 230,000 shares remaining to be repurchased. The share repurchases will be made from time to time at Material Sciences' discretion, subject to market conditions and other factors, and will be funded with internally generated cash.
About Material Sciences
Material Sciences Corporation is a leading provider of material-based solutions for acoustical and coated applications. The company uses its expertise in materials, which it leverages through relationships and a network of partners, to solve customer-specific problems. The company's stock is traded on the NASDAQ Capital Market under the symbol MASC.
SOURCE Material Sciences Corporation