The Philadelphia-based Tasty Baking Company yesterday (28 August) announced that its board of directors has renewed the company's stock repurchase programme.

Under the terms of the scheme, the company may acquire 400,000 shares of Tasty Baking common stock at a purchase price not to exceed US$4m before 28 July 2008.

As of 25 August the Company has acquired 41,960 shares of common stock under the programme.