Aldila to repurchase 2.5 million shares.SAN DIEGO--(BUSINESS WIRE)--Oct. 26, 1995--Aldila Inc. (NASDAQ/NMS: ALDA ALDA Association of Late-Deafened Adults ALDA Australian Learning Disability Association ALDA Adult Learning Development Association ALDA Asociación Larense de Astronomía (Barquisimeto, Venezuela) ALDA Alabama Dietetic Association ), the nation's leading manufacturer of graphite graphite (grăf`īt), an allotropic form of carbon, known also as plumbago and black lead. It is dark gray or black, crystalline (often in the form of slippery scales), greasy, and soft, with a metallic luster. golf club shafts, announced today that its board of directors had authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the 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. of up to 2.5 million shares of the company's common stock (or up to 15% of the shares currently outstanding). Aldila also said it intends to repurchase shares from time to time in the market at then prevailing prices, depending on market and general economic conditions. Aldila designs, manufactures and markets graphite golf club shafts for use in clubs assembled and manufactured by leading golf club companies as well as pro shops, custom club shops and repair shops. CONTACT: Aldila Inc. Robert J. Cierzan or Mary Lou Coburn, 619/592-0404 or Sard Verbinnen & Co. George Sard/Anna Cordasco, 212/687-8080 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion