Printer Friendly

ADAGE TO REPURCHASE UP TO 500,000 SHARES OF ITS COMMON STOCK

 ADAGE TO REPURCHASE UP TO 500,000 SHARES OF ITS COMMON STOCK
 WEST CHESTER, Pa., Feb. 10 /PRNewswire/ -- Adage, Inc. (NASDAQ: ADGE), a producer of recycled paperboard, cold drawn steel and electronic equipment and systems, announced today that its board of directors has approved a stock repurchase plan whereby in open market transactions, at management's discretion, Adage may purchase up to 500,000 shares of its common stock.
 "We view this as an excellent investment opportunity and most advantageous to Adage shareholders since we are purchasing shares which, at this time, are selling below current book value of the company and which can be used in making future acquisitions," stated Robert H. Cahill, Adage president and chief executive officer.
 Adage, Inc., through its operating subsidiaries, produces recycled paperboard and cartons, cold drawn steel and electronic access control products and systems. Its RELM Communications subsidiary, which was merged into Adage on Jan. 24, 1992, is a producer of land mobile two-way radios, as well as demand side management systems, which enable electric utilities to better manage electricity consumption.
 -0- 2/10/92
 /CONTACT: Robert H. Cahill, president, or Robert T. Holland, CFO, 215-430-3900, both of Adage/
 (ADGE) CO: Adage, Inc. ST: Pennsylvania IN: PAP SU:


JT-TS -- NY034 -- 8233 02/10/92 11:17 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 10, 1992
Words:213
Previous Article:SPRINT LOWERS RATES ON CALLING PLANS AND FONCARD IN CALIFORNIA
Next Article:GRAND METROPOLITAN FOOD SECTOR NAMES SHLOSBERG VICE PRESIDENT OF CONSUMER RELATIONS AND TECHNOLOGY SERVICES
Topics:


Related Articles
KENTUCKY CENTRAL LIFE INSURANCE COMPANY DECLARES DIVIDEND, ANNOUNCES PLAN TO REPURCHASE STOCK
IMMUCOR AUTHORIZES STOCK REPURCHASE PROGRAM
IMMUCOR AUTHORIZES STOCK REPURCHASE PROGRAM
STERLING SOFTWARE ANNOUNCES OFFER TO REPURCHASE COMMON STOCK
ENHANCE FINANCIAL SERVICES GROUP ANNOUNCES STOCK BUYBACK
CORDIS ANNOUNCES STOCK REPURCHASE PROGRAM
CLEARLY CANADIAN ANNOUNCES AMENDMENT TO NORMAL COURSE ISSUER BID
The Buckle, Inc., Announces a New Stock Repurchase Authorization.
Avesis Incorporated Announces the Approval Of Its 2000 Stock Repurchase Program.
Redhook continues its stock repurchase plan.

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