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LDL - Lydall authorizes $30M stock repurchase program
Lydall Inc.
Lydall (LDL) board authorized the repurchase of up to $30M of its outstanding common stock.The repurchase program has no expiration date and will be funded using the company's cash on hand, and cash from operations. As of Dec. 31, 2020, the company had cash and equivalents of ~$102M and ~18M shares of common stock outstanding.