Ameron International Announces Stock Repurchase Program.PASADENA, Calif.--(BUSINESS WIRE)--Sept. 1, 1998--Ameron International Corporation (NYSE NYSE See: New York Stock Exchange :AMN Amn abbr. airman ) 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 of up to 10% of the Company's 4 million outstanding common shares. Ameron would repurchase the shares from time to time by means of open market purchases, depending on availability, its cash position and price. James S. Marlen, chairman, president and chief executive officer stated that "today's repurchase authorization reflects the Board's continuing confidence that, at its current market price levels, Ameron stock represents an excellent investment. The action confirms the Board's and management's commitment to enhance shareholder value." Ameron is a leading producer of high-performance coatings and finishes, fiberglass and composite pipe, concrete and steel pipe systems and other specialized construction products. The company operates businesses in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe, Asia and Australasia.
CONTACT: Ameron International Corp., Pasadena
James S. Marlen/Gary Wagner, 626/683-4000
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