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ITEL SHARE REPURCHASES

 ITEL SHARE REPURCHASES
 CHICAGO, Aug. 6 /PRNewswire/ -- Itel Corp. (NYSE: ITL) today said it


will purchase up to an additional one million shares of its common stock as part of the company's ongoing program to repurchase its shares.
 These shares will be purchased from time to time in the public market and in privately negotiated transactions.
 Itel had approximately 27.2 million shares of common stock outstanding as of July 31, 1992.
 Through its Anixter Distribution and ANTEC businesses, Itel Corp. is involved mainly in supplying wiring systems for data, voice, video and energy.
 -0- 8/6/92
 /CONTACT: Kirk Brewer of Itel Corp., 312-902-1515/
 (ITL) CO: Itel Corp. ST: New York IN: SU:


SH -- NY046 -- 7523 08/06/92 10:44 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 6, 1992
Words:123
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