At September 30, 2011, shareholders’ equity was $46.4 million as compared to $46.9 million at December 31, 2010.Ladenburg also announced today that its Board of Directors has authorized the repurchase of up to an additional 5,000,000 shares. The repurchase program is in addition to the Company's existing 2,500,000 share repurchase program. Repurchases under the program will depend on market conditions, share price and other factors. The repurchase program authorizes the Company to purchase its common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated share repurchases and 10b5-1 trading plans in accordance with applicable securities laws.
Ladenburg Thalmann Reports Third Quarter 2011 Results
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