On Assignment Inc. Plans Stock Repurchase

On Assignment Inc. in Calabasas has authorized the repurchase of up to $15 million of its common stock, which has been trading recently at under $25--sharply below its 52-week high of almost $39.50.

“The company’s planned repurchase represents an attractive investment opportunity and is an excellent use of our cash at this time,” Chairman and Chief Executive H. Buelter said in a statement.

On Assignment Inc. provides temporary professionals to the scientific community and other industries.