Natural Alternatives International, Inc. NAII today announced its Board of Directors has authorized the repurchase of up to $2 million worth of its shares. Under the repurchase plan, NAI may, from time to time, purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated transactions.
Based on the last sale price of NAI's common stock as reported by Nasdaq on June 2, 2011, this authorization would be for the repurchase of approximately 600,000 shares. As of June 2, 2011, NAI had approximately 7,119,736 shares of common stock outstanding.
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