Central Newspapers signs agreement to repurchase 1.18 million shares.INDIANAPOLIS--(BUSINESS WIRE)--April 14, 1997--Central Newspapers, Inc. announced that it has signed a definitive agreement to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. 1,177,367 of its class A common shares at $49.50 per share from the beneficiaries of the estate of Enid Goodrich. The $58 million transaction is expected to close by May 31, 1997. Central Newspapers currently has approximately 26.3 million combined Class A and equivalent Class B shares outstanding. Enid Goodrich, who died in 1996, was the wife of the late Pierre Goodrich, one of the early investors in Central Newspapers. Central Newspapers is a media company that publishes daily, Sunday Sunday: see Sabbath; week. and weekly newspapers including the Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). Republic; The Indianapolis Star, The Indianapolis News The Indianapolis News was an evening newspaper published for 130 years, beginning December 7, 1869, and ending publication on October 1, 1999. At one time it had the largest circulation in the state of Indiana, and was the oldest Indianapolis newspaper in existence. , Muncie Star Press, as well as smaller community papers in Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). ; the Alexandria Daily Town Talk in Louisiana, and High Tech Careers magazine. It also organizes job fairs for the high-tech and service industries. Central Newspapers is the 10th largest publicly traded U.S. newspaper company in terms of circulation. CONTACT: Arthur Schmidt & Associates Inc. 212/953-5555 or Fax: 212/953-5554 |
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