Thursday, July 17, 2008

Orion to buy back shares

By Thomas Content
Milwaukee Journal Sentinel

Orion Energy Systems Inc. (OESX) said today its board of directors has approved a share buyback of up to $20 million of its shares.

This morning’s announcement came a day after the Plymouth-based company’s shares fell by more than 30 percent as investors reacted to Orion's warning that the company's sales growth had slowed.

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