Salt Lake-based Usana Health Sciences said Tuesday that its board of directors has authorized an additional $40 million for share repurchases of its outstanding common stock.
The number of shares to be purchased and the timing of purchases will be based on several factors, the company said.
The new authorization is in addition to about $25 million currently available. During 2006, Usana repurchased about 1 million shares for nearly $41 million.
The company develops and manufactures nutritional and personal care products.
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