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C.R. GIBSON COMPANY AUTHORIZES REPURCHASE OF STOCK

 C.R. GIBSON COMPANY AUTHORIZES REPURCHASE OF STOCK
 NORWALK, Conn., Oct. 21 /PRNewswire/ -- The C.R. Gibson Company


(AMEX: GIB) reported today that at a meeting of the executive committee of the board of directors, it was announced that the board has authorized the repurchase of up to $2,000,000 of company stock.
 Commenting on this decision, Frank A. Rosenberry, president and CEO of the company, stated that "It was the conclusion of the committee, given the company's strong financial position along with the current trading level of the company's stock, that this represented a sound business investment decision. This decision will allow the company to purchase its own stock from time to time at attractive price levels."
 The C.R. Gibson Company is a diversified manufacturer and distributor of published products and paper gift items. The stock is listed on the American Stock Exchange. Symbol GIB.
 -0- 10/21/92
 /CONTACT: Frank A. Rosenberry, president and CEO, or James M. Harrison, vice president and CFO, both of C.R. Gibson, 203-847-4543/
 (GIB) CO: C. R. Gibson Company ST: Connecticut IN: HOU SU:


KD-LR -- NY036 -- 2771 10/21/92 10:19 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:193
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