Printer Friendly

AMERICAN BUSINESS PRODUCTS REINSTATES STOCK REPURCHASE PLAN

 AMERICAN BUSINESS PRODUCTS REINSTATES STOCK REPURCHASE PLAN
 ATLANTA, July 24 /PRNewswire/ -- American Business Products, Inc. (NYSE: ABP) today announced it will begin repurchasing up to 1 million shares of the company's common stock.
 The company is reinstating a plan approved in 1990 but suspended during the past year.
 "At the present level of the share price, the directors feel that ABP stock represents an attractive investment compared with alternative investments," said Thomas R. Carmody, president and chief executive officer. "Therefore, the company is reinstating its stock repurchase program. Over the long term we would expect this to result in a higher return on equity as well as higher earnings per share and ultimate appreciation in price."
 ABP's operating companies and products and services are Curtis 1000 Inc., envelopes, labels and business forms; Vanier Business Forms & Services, business forms; BookCrafters USA, Inc., book printing and distributing; American Fiber-Velope Mfg. Co., specialty envelopes, and filing systems; and Jen-Coat, Inc., specialty extrusion coating and laminating of packaging. ABP is a joint venture partner in Curtis 1000 Europe GmbH, which produces and markets envelopes in Europe with facilities in Germany, England and Luxembourg.
 -0- 7/24/92
 /CONTACT: T.R. Carmody of American Business Products, 404-953-8300/
 (ABP) CO: American Business Products, Inc. ST: Georgia IN: SU: OFR


BN-BR -- AT005 -- 2944 07/24/92 10:01 EDT
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:Jul 24, 1992
Words:222
Previous Article:EXPERT SAYS TIME IS RIGHT FOR INSURERS TO SPIN OFF TROUBLED REAL ESTATE ASSETS; ADVISES CREATING NEW ENTITIES TO IMPROVE CASH FLOW
Next Article:MR. COFFEE ANNOUNCES SECOND QUARTER AND FIRST HALF FINANCIAL RESULTS
Topics:


Related Articles
IMCERA SHARE REPURCHASE RESUMED
NETWORK SYSTEMS ANNOUNCES OPEN-MARKET STOCK REPURCHASE PROGRAM
AMERICAN SOFTWARE ANNOUNCES STOCK REPURCHASE
American Software Announces Stock Repurchase Plan
Metamor Worldwide Comfortable with First Quarter.
ROYAL TERMINATES SEARCH FOR INVESTMENT PARTNER.
CompuDyne Reduces 2002 Earnings Estimate; 2003 Continues to Look Like a Record For Revenues and Earnings;.
First American Announces $300 Million Increase in Stock Repurchase Program.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters