Autoliv to Buy Back Stock.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 9, 2000 Autoliv Inc. (NYSE NYSE See: New York Stock Exchange :ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle ) (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :ALIV ALIV A Life in Vain (band) ) - the world-wide leader in automotive safety systems - today announced that its Board of Directors has approved a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program authorizing the repurchase by the company of up to ten million shares of its outstanding common stock. Autoliv has approximately 102 million shares of common stock outstanding. Purchases will be made from time to time as market and business conditions warrant, in open market, negotiated or block transactions. "We believe that market conditions have created an attractive opportunity to repurchase Autoliv shares. It should be an efficient way to utilize Autoliv's strong cash flow to enhance our company's earnings per share," said Mr. Lars Westerberg, President and Chief Executive Officer. ------------------------ Please visit http://www.bit.se for further information. The following files are available for download: http://www.bit.se/bitonline/2000/05/09/20000509BIT00250/bit0001.doc http://www.bit.se/bitonline/2000/05/09/20000509BIT00250/bit0002.pdf |
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