Printer Friendly

CARDINAL DISTRIBUTION, INC. ANNOUNCES SHARE REPURCHASE

 DUBLIN, Ohio, April 7 /PRNewswire/ -- Cardinal Distribution, Inc. (NASDAQ: CDIC) announced today that it has agreed to repurchase all of the 580,157 Cardinal common shares owned by subsidiaries of North American National Corporation at a price of $26.50 per share. Nearly all of these shares were subject to certain restrictions contained in a Shareholders Agreement among North American National and other individual shareholders, which restrictions were released as part of the repurchase transaction. Cardinal plans to use the repurchased shares to fund acquisitions and for other general corporate purposes.
 Cardinal Distribution, Inc. supplies pharmaceuticals, medical and surgical supplies, and related health products to drug stores, hospital pharmacies, and other customers located primarily in the eastern United States.
 -0- 4/7/93
 /CONTACT: David Bearman, chief financial officer, Cardinal Distribution, Inc., 614-761-8700/
 (CDIC)


CO: Cardinal Distribution, Inc. ST: Ohio IN: MTC SU:

BM -- CL004 -- 3733 04/07/93 11:04 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 7, 1993
Words:152
Previous Article:ROBBINS & MYERS DECLARES SECOND QUARTER DIVIDEND
Next Article:AMERICAN GREETINGS TAKES GIANT INTERNATIONAL FRIENDSHIP CARD TO WHITE HOUSE EASTER EGG ROLL
Topics:


Related Articles
CARDINAL DISTRIBUTION ANNOUNCES AGREEMENT TO ACQUIRE DURR DRUG COMPANY
CARDINAL DISTRIBUTION, INC. REPORTS 22 PERCENT THIRD QUARTER EARNINGS GAIN
CARDINAL DISTRIBUTION, INC. TO REDEEM ON JULY 2, 1993 ITS 7-1/4 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2015
CARDINAL DISTRIBUTION, INC. COMPLETES PURCHASE OF PRN SERVICES, INC.
Cardinal Health Board Authorizes Share-Repurchase Program.
Cardinal Health Board Of Directors Authorizes $1 Billion Share-Repurchase Program.
Cardinal Health Board of Directors Authorizes $500 Million Share-Repurchase Program.
Cardinal Health Announces Global Restructuring Plan to Accelerate Growth.
Cardinal Health Raises Quarterly Dividend By 50 Percent, Enhances Governance.
Cardinal Health Increases Share Repurchase to $4.5B, Declares Regular Quarterly Dividend.

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