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Headwaters board OKs stock repurchase plan

SOUTH JORDAN — Headwaters Inc. said Friday that its board of directors has authorized a stock repurchase program for up to $15 million of the company's common stock.

The purchases will be made from time to time in the open market or in privately negotiated transactions and will be funded from available working capital, it said. As of Friday, the company had about 42.4 million shares of common stock outstanding.

The company is involved in natural resources technology.