Bankers Life Holding Corp. expands share repurchase program.CHICAGO--(BUSINESS WIRE)--Aug. 10, 1995--Bankers Life Holding Corp. (NYSE NYSE See: New York Stock Exchange :BLH BLH Baldwin-Lima-Hamilton (locomotive manufacturer) BLH Bellingham, Washington (border patrol station) BLH Bidirectional Long Haul ) said today that its previously announced common share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program has been expanded from 2 million to 5 million shares. Purchases of common stock will continue to be made in open-market or negotiated transactions, with the timing and terms of the purchases to be determined by management based on market conditions. Bankers has repurchased approximately 1.77 million shares to date under the current program, which was instituted in April 1994. Bankers Life Holding Corp., headquartered in Chicago, is a specialized insurance holding company. Bankers' principal subsidiary, Bankers Life and Casualty Bankers Life and Casualty is primarily a health insurance company in the United States. It was founded in 1879 and was previously known as White Cross. It was formerly owned by millionaire investor John D. Company, is a leading provider of Medicare supplement, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and other individual health, life, annuity and group insurance products, which it markets through career agents and other distribution channels. CONTACT: Bankers Life Holding Corp. Jim Rosensteele, 317/817-2893 |
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