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URCARCO ANNOUNCES SHARE REPURCHASE

 URCARCO ANNOUNCES SHARE REPURCHASE
 FORT WORTH, Texas, May 18 /PRNewswire/ -- The board of directors of


URCARCO, INC. (NYSE: KAR) today authorized the repurchase of up to 4 million shares of the company's common stock on the New York Stock Exchange, in the open market and in privately negotiated transactions representing approximately 12.7 percent of the company's outstanding shares. The repurchase program will continue so long as management of the company views the common stock as an attractive investment opportunity, but in no event shall such repurchases extend past Sept. 30, 1992 without further action by the board of directors. On May 18, 1992, there were 31,501,566 shares of common stock issued and outstanding.
 -0- 5/18/92
 /CONTACT: Beverly H. Mastran of URCARCO, 817-882-7009/
 (KAR) CO: URCARCO, Inc. ST: Texas IN: REA SU:


SM -- NY088 -- 1563 05/18/92 18:04 EDT
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Publication:PR Newswire
Date:May 18, 1992
Words:145
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