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ABM Industries Incorporated Authorizes Buyback of up to Two Million Shares of Company Stock.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- First graph, first sentence of release dated Dec. 12, 2006 should read: The Board of Directors of ABM Industries ABM Industries Incorporated NYSE: ABM is an American corporation involved in outsourced, building maintenance. Divisions include ABM Janitorial, Ampco System Parking, ABM Engineering, American Commercial Security (ACSS), Security Services of America (SSA), Amtech Lighting, and  Incorporated (NYSE NYSE

See: New York Stock Exchange
:ABM ABM: see guided missile.

ABM - Asynchronous Balanced Mode
) authorized the repurchase of up to two million shares of ABM's outstanding common stock at any time through October 31, 2007 (sted The Board of Directors of ABM Industries Incorporated (NYSE:ABM) authorized the repurchase of up to two million shares of ABM's outstanding common stock at any time through October 31, 2006).

The corrected release reads:

ABM INDUSTRIES INCORPORATED AUTHORIZES BUYBACK OF UP TO TWO MILLION SHARES OF COMPANY STOCK

The Board of Directors of ABM Industries Incorporated (NYSE:ABM) authorized the repurchase of up to two million shares of ABM's outstanding common stock at any time through October 31, 2007. The authorized purchases would at most approximate four percent of the 48.7 million shares of ABM common stock outstanding on November 30, 2006. The Company's stock closed today at $20.95.

Purchases would be made from time-to-time through brokers and dealers on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 or in privately negotiated transactions with nonaffiliated stockholders. The Company stated that the Board of Directors considers such purchases to be a prudent investment by the Company.

About ABM Industries

ABM Industries Incorporated (NYSE:ABM) is among the largest facility services contractors listed on the New York Stock Exchange. With fiscal 2006 revenues in excess of $2.7 billion and more than 75,000 employees, ABM provides janitorial, parking, security, engineering and lighting services for thousands of commercial, industrial, institutional and retail facilities in hundreds of cities across the United States and British Columbia, Canada. The ABM Family of Services includes ABM Janitorial; Ampco System Parking; ABM Security Services, which includes American Commercial Security Services (ACSS ACSS Africa Center for Strategic Studies
ACSS Aluminum Conductor Steel Supported (cable)
ACSS African Crop Science Society
ACSS Association of Computer Support Specialists
ACSS Aviation Communication and Surveillance Systems
) and Security Services of America (SSA (Serial Storage Architecture) A fault tolerant peripheral interface from IBM that transfers data at 80 and 160 Mbytes/sec. SSA uses SCSI commands, allowing existing software to drive SSA peripherals, which are typically disk drives. ); ABM Facility Services; ABM Engineering; and Amtech Lighting Services.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 13, 2006
Words:305
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