NN to buy back $20 million shares

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Metal bearing components, industrial plastic and rubber products manufacturer NN, Inc. (Nasdaq: NNBR) said this morning that it initiated a new share repurchase program in which it will buy back $20 million in shares. Its current $25 million share repurchase program expires Saturday.

Shares gained 5%, or $0.72, to $16.31 midday. For detailed price information and news stories on NN, click NNBR.