ITEL SHARE REPURCHASES
ITEL SHARE REPURCHASES CHICAGO, Feb. 26 /PRNewswire/ -- Itel Corp. (NYSE: ITL) decided to
purchase up to an additional million shares of its common stock as part of the company's ongoing program to repurchase its shares.
These shares will be purchased in the public market and in privately negotiated transactions and are in addition to the remaining 3.5 million shares of Itel common stock still covered by the previously announced agreement with The Henley Group, Inc. Itel had approximately 31.5 million shares of common stock outstanding as of Feb. 25, 1992. -0- 2/26/92 /CONTACT: Gloria Waber of Itel, 312-902-1515/ (ITL) CO: Itel Corp. ST: Illinois IN: TRN SU: SH -- NY012 -- 2663 02/26/92 09:10 EST
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|Date:||Feb 26, 1992|
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