Printer Friendly

BIRD CORPORATION INITIATES STOCK REPURCHASE PROGRAM

 BIRD CORPORATION INITIATES STOCK REPURCHASE PROGRAM
 WESTWOOD, Mass., June 18 /PRNewswire/ -- Bird Corporation (NASDAQ: BIRD) announced today that its board of directors authorized it to buy back on the open market or in privately negotiated transactions, up to 400,000 of its outstanding shares of common stock over the next six-month period at prices available from time to time that the company deems attractive. The authorization was granted because the board believes that a repurchase at today's approximate price levels constitutes a sound investment for the company and will further improve reported earnings per share in the future. Bird, in 1989, had repurchased about 1 million shares of its common stock via a Dutch Tender offer of $11.75 per share.
 Also in late 1990, the company indicated it would repurchase shares on the open market. The market price of Bird stock at that time was in the range of $10.50 to $11.50 per share.
 Bird common stock at yesterday's close was quoted at $12.875 per share high and $12 per share low.
 Bird Corporation is a U.S.-based manufacturer and distributor of building material products and a provider of environmental services.
 -0- 6/18/92
 /CONTACT: William A. Krivsky, executive vice president and chief financial officer of Bird, 617-461-1414/
 (BIRD) CO: Bird Corporation ST: Massachusetts IN: SU:


DD -- NE009 -- 1502 06/18/92 12:18 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:Jun 18, 1992
Words:231
Previous Article:PIZZA HUT DELIVERS AGAIN TO BORIS YELTSIN; CHAIN SENT FOOD TO HIS HEADQUARTERS DURING COUP ATTEMPT
Next Article:DAVIS GAINS FOURTH TERM AS HEAD OF UAW REGION 2; SCORES BIG WIN OVER UAW INSIDER, BRANDT
Topics:


Related Articles
TF FINANCIAL CORPORATION TO REPURCHASE UP TO 264,500 SHARES OF COMMON STOCK
MELLON BANK CORPORATION COMPLETES 8 MILLION SHARE STOCK REPURCHASE AND ANNOUNCES NEW 3.5 MILLION SHARE REPURCHASE
MELLON BANK CORPORATION ANNOUNCES 5 MILLION COMMON SHARE REPURCHASE
TCF Announces Third Stock Repurchase Program
Nashua Corporation Completes Stock Repurchase Program.
Petroleum & Resources Corporation Extends Share Repurchase Program.
Petroleum & Resources Corporation Extends Share Repurchase Program.
Petroleum & Resources Corporation Extends Share Repurchase Program.
Edwards Lifesciences Completes First Stock Repurchase Program; * Approximately 1.1 Million Shares Remaining Under Second Repurchase Program.
Petroleum & Resources Corporation Extends Share Repurchase Program.

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