Published December 29, 2014 4:12pm EST | Updated January 8, 2015 3:07pm EST

SL Industries Approves Buyback Of Up To 10% Of Outstanding Shares

SL Industries Inc. said its board has approved a buyback of up to 420,000 shares, or about 10% of its outstanding shares. The new program will replace an existing one announced in November of 2010. Shares of the power electronics company closed down 2.8% Monday, but have gained 39% in the year, while the S&P 500 has gained about 13%.