D & E to Buy Back $2 Million of Common Shares.EPHRATA, Pa.--(BUSINESS WIRE)--Oct. 22, 1998--D & E Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DECC DECC Duluth Entertainment Convention Center (Duluth, MN) DECC Defense Enterprise Computing Centers DECC Distance Education Coordinating Council DECC Danish-Estonian Chamber of Commerce (Tallinn, Estonia) ), a holding company with telecommunications services and subsidiaries and investees, reported Thursday that its board of directors authorized the repurchase of up to $2 million worth of its shares of common stock from time to time on the open market or in private transactions, as conditions indicate. D & E said it plans to use the reacquired shares for its incentive compensation programs, Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. , and for other corporate purposes. D & E Communications Inc. is a full-service telecommunications company See telecom company. based in Lancaster County, Pa. Through its subsidiaries and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. , D & E Communications offers both local and long distance service, wireless service, Internet service, paging, voice, data and video communications equipment, and computer networking services. Comprehensive information about D & E Communications is available on the World Wide Web at http:www.detele.com. |
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