ANN ARBOR, Mich.--(BUSINESS WIRE)--Kaydon Corporation (NYSE:KDN) today announced that it has adopted a stock repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934 (“the “Company 10b5-1 Plan”), to facilitate the repurchase of its common stock under its outstanding stock repurchase program authorized by the Kaydon Board of Directors in 2005 (the “Share Repurchase Plan”). The current repurchase program was originally for five million shares, with approximately 4.0 million shares that may yet be purchased.
