Barnes Group Inc. Announces an Extension of its Odd-Lot Buyback Program.BRISTOL, Conn.--(BUSINESS WIRE)--Oct. 26, 1998--Terry M. Murphy, Senior Vice President-Finance, today announced that due to a positive response from its shareholders, Barnes Group Inc. (NYSE:B) will extend its Odd-Lot Buyback Program to run from October 27, 1998 to November 20, 1998. Under this voluntary program, stockholders who own fewer than 100 shares of Barnes Group Inc. Common Stock may sell their shares back to the Company by mail without paying any brokerage commission. Shares held in the Company's Dividend Investment Plan are also eligible for sale, while those held in the Company's employee plans such as the Guaranteed Stock Guaranteed Stock Common or preferred stock whose dividends are guaranteed.Notes: This guarantee gives the stock a higher value. See also: Blue Chip, Common Stock, Dividend, Dividend Yield, Preferred Stock Plan or the Employee Stock Purchase Plan Employee Stock Purchase Plan (ESPP) A plan usually linked to a corporation's payroll deduction system allowing employees to purchase shares at a discount from current market value. are not eligible for sale under this Program. "Neither Barnes Group Inc. nor the Program Manager Program Manager Program Manager uses resizable windows so you can group program icons to suit your work style. The individual icons at the bottom of the screen are minimized group windows. Many users find program launching easier with Program Manager than with the Start menu, and Program Manager is still available as an option in Windows 95/98, NT 4.0 and 2000., ChaseMellon Shareholder Services, L.L.C., makes any recommendation as to whether or not shareholders should participate in the Program," said Murphy. Shareholders who have questions may call the Program Manager, ChaseMellon Shareholder Services, L.L.C., at 1-800-953-2497 (continental U.S.) or 212-273-8293 or Holly V. LeBlanc, Shareholder Relations Manager, at the Company's Executive Office at 860-583-7070 ext. 185. Barnes Group Inc. (http://www.barnesgroupinc.com) is a $650 million diversified international company headquartered in Bristol, CT. It is a leading manufacturer of complex metal components and precision springs for industrial, automotive and aerospace markets and a major distributor of maintenance, repair and replacement MRO products to industrial and transportation markets. For further information on Barnes Group Inc., please call our FAX-On-Demand Service at 800-311-4606. For Barnes Group Inc. news on the Internet, see http://www.barnesgroupinc.com or http://www.businesswire.com/cnn |
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