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M/I Homes board OKs up to $50M share repurchase program

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M/I Homes board OKs up to $50M share repurchase program

M/I Homes Inc.'s board approved a program under which the company may repurchase up to $50.0 million of its common shares.

The homebuilder said it plans to finance the program with cash on hand, future cash flow from operations and its $500 million senior credit facility.