Business

Mass. Movers

Kopin authorizes a $30m share buyback

Kopin develops mobile communications and computing platforms; this one is for firefighters.

Steve Marcus/Reuters/File 2013

Kopin develops mobile communications and computing platforms; this one is for firefighters.

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Kopin Corp.’s board authorized the repurchase of up to $30 million worth of the Taunton company’s common stock. According to a press release, Kopin will finance the program with available cash, buying shares on the open market or in private transactions over the next 12 months, subject to market conditions. Kopin has 66.5 million shares of common stock outstanding. “Our strong balance sheet provides the flexibility to implement this buyback plan judiciously to create further value for our shareholders,” CEO John C.C. Fan said.

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