Printer Friendly

SYMIX SYSTEMS ANNOUNCES STOCK REPURCHASE PROGRAM

 COLUMBUS, Ohio, June 3 /PRNewswire/ -- Symix Systems, Inc. (NASDAQ: SYMX) was authorized by its board of directors on June 3, 1993, to repurchase from time to time on the open market or in privately negotiated transactions up to 200,000 shares of Symix's common stock. The timing of purchases and actual number of shares purchased will depend on market conditions. The shares will be held as treasury shares and will thereafter be available for general corporate purposes. Any purchases will be made prior to Aug. 31, 1993, unless the program is extended further. The board of directors believes that Symix's common stock is currently undervalued and that a repurchase would benefit the company, its shareholders and employees.
 Symix Systems, Inc. designs, develops, markets and supports The SYMIX Solution, a fully integrated manufacturing and financial control system, currently in use at 1,500 installations. Founded in 1979, Symix has 29 offices and over 100 distributors worldwide.
 -0- 6/3/93
 /CONTACT: Bradford W. Payne, Symix Systems, Inc., 614-523-7379/
 (SYMX)


CO: Symix Systems, Inc. ST: Ohio IN: CPR SU: ERN

KL -- CL020 -- 5181 06/03/93 16:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1993
Words:187
Previous Article:COMAIR HOLDINGS REPORTS FISCAL 1993 EARNINGS
Next Article:DIEBOLD ANNOUNCES AGREEMENT TO PURCHASE MAJORITY INTEREST IN MEXICAN ATM DISTRIBUTOR
Topics:


Related Articles
SYMIX SYSTEMS, INC. REPORTS SECOND QUARTER RESULTS
SYMIX SYSTEMS, INC. REPORTS LOWER THIRD QUARTER RESULTS
SYMIX ANNOUNCES NEW EXECUTIVES
SYMIX SYSTEMS, INC. REPORTS RESULTS FOR FOURTH QUARTER AND FISCAL YEAR END
SYMIX SYSTEMS ANNOUNCES EXTENSION OF STOCK REPURCHASE PROGRAM
SYMIX SYSTEMS, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
SYMIX(R) ANNOUNCES PLANS TO INCREASE AUTHORIZED SHARES, SIGNS NEW CREDIT AGREEMENT WITH BANK ONE
Symix Announces Two for One Stock Split
Symix Adds Three Value-Added Resellers to U.S. Sales Channel.
Symix Completes Acquisition of Distribution Architects International, Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters