Spacehab could buy back up to $6 million of stock, convertibles

By Susanna Moon

Chicago, Sept. 30 - Spacehab, Inc.'s board of directors authorized repurchasing up to $6 million of the company's common stock and outstanding convertible notes due October 2010, according to an 8-K filed with the Securities and Exchange Commission.

Purchases under the program may be made from time to time in the open market or through block trades.

The Webster, Texas, provider of space services has about 16.4 million shares of common stock and $6.9 million par value of convertible notes outstanding.

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