ARMOR ALL PRODUCTS CORP. ANNOUNCES SHARE REPURCHASE.ALISO VIEJO, Calif.--(BUSINESS WIRE)--April 25, 1996--Armor All Products Corp. announced today its intention to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. up to one million shares of its common stock. The repurchases will be made from time to time in open market or privately negotiated transactions. Kenneth M. Evans Ev·ans , Herbert McLean 1882-1971. American anatomist who isolated four pituitary hormones and discovered vitamin E (1922). , president and chief executive officer, commented, "Our share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program reflects our confidence in the Company's future growth and represents our commitment to increase shareholder value by returning a portion of our surplus cash to shareholders." Armor All Products is the nation's leading marketer of automotive appearance products. The Company's home care division located in Charleston, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. markets products designed to protect, clean and beautify surfaces in and around the home. Armor All International markets and sells the Armor All(R) brand automotive products in more than 70 countries around the world. CONTACT: Melanie D. Day/Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. 714/448-4207 |
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