Arden Group, Inc. Authorizes Stock Repurchase.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 on March 13, 2007, the Board of Directors of the Arden Group, Inc. 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 by the Company of up to 200,000 shares of its Class A Common Stock from time to time in open market or privately negotiated transactions. This is in addition to the 22,904 shares remaining under prior repurchase authorizations. 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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