Printer Friendly

CIATTI'S ANNOUNCES REPURCHASE OF SHARES

 MINNEAPOLIS, Nov. 10 /PRNewswire/ -- Phillip R. Danford, president of Ciatti's, Inc. (NASDAQ: CIAT), announced that the company has today bought 80,000 shares, or 9.9 percent of its outstanding common stock, from Wessels, Arnold & Henderson, one of the market makers in the company's stock, at a price of $2.00 per share. As previously announced, the purchase was agreed upon on Sept. 27, 1993, but required the approval of the shareholders which was given at the company's Nov. 9, 1993, annual shareholder meeting.
 Ciatti's owns and operates 12 Italian restaurants in Minnesota and Wisconsin, and one "Spurs Steakhouse & Saloon(TM)" in Madison, Wis.
 -0- 11/10/93
 /CONTACT: Chris Collier of Ciatti's, 612-941-0108, ext. 205/
 (CIAT)


CO: Ciatti's, Inc. ST: Minnesota, Wisconsin IN: LEI SU:

CP-DB -- MN014 -- 2945 11/10/93 17:13 EST
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:Nov 10, 1993
Words:135
Previous Article:MIDWEST POWER SYSTEMS OFFERING NEW SHARES OF PREFERRED STOCK
Next Article:ADVANCE CIRCUITS, INC. RECEIVES OUTSTANDING SUBCONTRACTOR AWARD
Topics:

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