Wabash National Corporation announced that its board of directors has approved an amendment to its stock repurchase program that allows the company to repurchase up to $50 million in shares of its common stock without placing a limitation on the number of shares.
The previously approved program authorized the company to repurchase up to 2 million shares. Approximately $47 million remains available under the initial authorization. Stock repurchases under this program may be made in the open market or in private transactions, at times and in amounts that management deems appropriate until September 15, 2007.
Wabash may terminate or limit the stock repurchase program at any time.