CSS Industries, Inc. Authorizes Additional Common Stock Repurchases.PHILADELPHIA--(BUSINESS WIRE)--Sept. 28, 1999-- CSS (1) See Cascading Style Sheets. (2) (Content Scrambling System) The copy protection system applied to DVDs, which uses a 40-bit key to encrypt the movie. Industries, Inc. (NYSE NYSE See: New York Stock Exchange :CSS) announced that pursuant to its previously announced repurchase program it has bought back a total of 1,786,400 shares of the authorized 2,000,000 shares of its Common Stock. CSS also announced that its Board of Directors had authorized an additional buy back of up to 500,000 shares of its Common Stock at prices and pursuant to other terms and conditions that the Company's officers deem appropriate. There are 9,473,327 shares of the Company's Common Stock presently outstanding. Any such buy back is subject to compliance with applicable regulatory requirements and relevant covenants of the Company's $300,000,000 unsecured revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility. CSS is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards See e-card. , gift tags, tissue paper, paper and vinyl decorations, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties and Easter egg An undocumented function hidden in software that may or may not be sanctioned by management. Easter Eggs are secret "goodies" found by word of mouth or accident. They are also used in video games, movies, TV commercials, DVDs, CDs, CD-ROMs and every so often in hardware. dyes and novelties. |
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