Company expands stock repurchase program.ROWAYTON, Conn.--(BUSINESS WIRE)--Aug. 16, 1995--Baldwin Technology Company Inc. (AMEX AMEX See: American Stock Exchange :BLD BLD Build BLD Blood BLD Blade BLD Blonde BLD Breakfast Lunch Dinner BLD Bukas-Loob Sa Diyos (Filipino: Open In Spirit To God) BLD BASIC Bload Graphics (File Name Extension) BLD Below Limit of Detection ) announced today that its board of directors has added $3 million to the amounts previously authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: for the 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. of shares of the company's Class A common stock under its stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. Since 1990 the company has repurchased over 1 million shares of its Class A common stock under the program at a cost of approximately $4.6 million. With the authorization of an additional $3 million, the company will have approximately $3.4 million available to continue to buy back shares of its Class A common stock. As of June 30, 1995, the company had 15,837,330 and 1,835,883 shares outstanding of its Class A and Class B common stock, respectively. Yesterday, the company reported earnings for its year ended June 30, 1995. -0- Baldwin Technology Company Inc. is the leading international manufacturer of material handling, accessory, control and pre-press equipment for the printing industry. CONTACT: Baldwin Technology Company, Inc., Rowayton Helen P. Oster, 203/866-3497 |
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