Arden Group, Inc. Announces Stock Purchase.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Arden Group, Inc. (Nasdaq:ARDNA) announced that it has purchased 68,331 shares of its Class A Common Stock in an unsolicited private transaction for an aggregate purchase price of approximately $7,516,410. The remaining number of 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. by the Board of Directors for purchase, subsequent to the purchase of the 68,331 shares and prior purchased shares, is 22,904 shares. Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 full-service supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, carrying both perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. and grocery products. |
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