CHRIS-CRAFT INDUSTRIES AUTHORIZES SHARE PURCHASES
CHRIS-CRAFT INDUSTRIES AUTHORIZES SHARE PURCHASES NEW YORK, April 23 /PRNewswire/ -- Chris-Craft Industries, Inc.
(NYSE: CCN) announced that its board of directors today authorized the purchase from time to time of up to 1 million shares of the company's outstanding common shares. This authorization is in addition to the approximately 265,000 shares still available for purchase under a previous authorization.
Any purchases will be made at prices not exceeding the market prices prevailing at the time of purchase. Implementation of the authority granted by the board will depend on market conditions and other relevant factors. Chris-Craft currently has outstanding approximately 18.1 million shares of common stock, as well as approximately 7.7 million shares of Class B common stock convertible into common stock on a share-for-share basis. -0- 4/23/92 /CONTACT: Barry S. Greene of Chris-Craft Industries, 305-946-4000/ (CCN) CO: Chris-Craft Industries, Inc. ST: New York IN: ENT SU:
AH-SH -- NY101 -- 1999 04/23/92 14:43 EDT
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|Date:||Apr 23, 1992|
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