American City Business Journals board authorizes stock purchase.CHARLOTTE, N.C.--(BUSINESS WIRE)--May 24, 1995--American City Business Journals Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AMBJ) said its board 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 purchase, through open market transactions, of up to 100,000 shares of the Company's common stock. The Company's acquisition of the shares will be made through the Company's market markers at prices prevailing from time to time in the Over-The-Counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. at the discretion of management. Ray Shaw
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: and resume at any time, as market conditions warrant. American City is the nation's largest publisher of local weekly business newspapers with 28 such publications. It also owns three motorsports publications and a national advertising representation firm. CONTACT: American City Business Journals Inc., Charlotte Grant L. Hamrick, 704/375-7404 |
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