Maxim developing share repurchase program

As of January, Maxim Crane Works Holdings Inc. announced it completed its analysis of strategic business alternatives, which it announced last summer.

According to a press release, Maxim's Board of Directors determined that “shareholder value can best be maximized in the future by continuing Maxim's focus of capturing incremental operating efficiencies and growing penetration in existing markets and evaluating potentially accretive acquisition opportunities.

“The board also authorized management and Goldman, Sachs & Co. to develop a share repurchase program for its common stock, the details of which the company said will be announced in the near future.