Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - MATERIAL SCIENCES CORP | d8k.htm |
Exhibit 99.1
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Material Sciences Corporation 2200 East Pratt Boulevard Elk Grove Village, IL 60007 847-439-2210 | |||
| NEWS RELEASE | ||||
| FOR IMMEDIATE RELEASE FRIDAY, JANUARY 28, 2011 |
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| COMPANY CONTACT: | MEDIA CONTACT: | |
| James D. Pawlak | Lynne Franklin | |
| Vice President, Chief Financial Officer | Wordsmith | |
| 847-439-2210 | 847-729-5716 | |
Material Sciences Corporation Announces Stock
Repurchase Program
ELK GROVE VILLAGE, IL, Friday, January 28, 2011—Material Sciences Corporation (NASDAQ: MASC), a leading provider of material-based solutions for acoustical and coated applications, today announced that the company’s board of directors has authorized the repurchase of up to one million shares of common stock. These one million shares are in addition to the 114,081 shares remaining available for repurchase under the Board’s January 7, 2008 authorization. The share repurchases will be made from time to time at MSC’s discretion, subject to market conditions and other factors, and will be funded with internally generated cash. As of January 27, 2011, MSC had 12,909,133 shares outstanding.
About Material Sciences
Material Sciences Corporation is a leading provider of material-based solutions for acoustical and coated applications. MSC uses its expertise in materials, which it leverages through relationships and a network of partners, to solve customer-specific problems. The company’s stock is traded on the NASDAQ Capital Market under the symbol MASC.
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