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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
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 26, 1992
Words:120
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