American Buildings Company authorizes new purchase of 500,000 common shares.EUFAULA, Ala.--(BUSINESS WIRE)--Aug. 1, 1996--American Buildings Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABCO ABCO Angelo Brothers Company ) announced today that its board of directors has approved the purchase of an additional 500,000 shares of the company's common stock. This is in addition to a previously announced 500,000 shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. on April 25, 1996, the purchase of which has been completed. American Buildings Company said that to date it had completed the purchase of a total of 800,000 shares of common stock. American Buildings Company designs, manufactures and markets metal building systems for industrial, commercial and institutional markets, and is a major manufacturer and marketer of metal roofing systems. In addition, the company paints steel coils, manufactures and markets building components, and provides specialty engineering In systems engineering, Specialty Engineering includes the engineering domains that are not typical of the main engineering effort. Hardware engineering, software engineering, and human factors engineering may be used as major elements in a majority of systems engineering efforts services for large, complex building structures. The company markets throughout North America and in selected international countries. CONTACT: American Buildings Company, Eufaula, Ala. Charles Blackmon, VP CFO See Chief Financial Officer. , 334/687-2032 |
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