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Univest Corporation of Pennsylvania: Univest Corporation Announces Share Repurchase Program; Company Authorized to Repurchase Up to Five Percent of Outstanding Shares
SOUDERTON, PA (MARKET WIRE) Univest Corporation (NASDAQ: UVSP) announced that its board of directors has authorized an additional repurchase of up to five percent of the 12,875,642 shares of its outstanding common stock as of June 30, 2007, or 643,782 shares. The repurchased shares limit will be net of normal Treasury activity such as the Dividend Reinvestment Program, Employee Stock Purchase Program and Equity Compensation Plans.