Del suspends stock repurchase program

Del Global Technologies has suspended its stock repurchase program to free up cash for working capital, the company announced.

Del had authorized the repurchase of up to 2.4 million shares, or approximately 10%, of the company's outstanding common stock. Prior to the program's suspension, a total of 1.5 million shares had been repurchased at a cost of nearly $1.6 million, according to the Franklin Park, IL, company.

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