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JOSLYN BOARD AUTHORIZES PURCHASE OF SHARES

 JOSLYN BOARD AUTHORIZES PURCHASE OF SHARES
 CHICAGO, Dec. 11 /PRNewswire/ -- Joslyn Corp. (NASDAQ: JOSL)


announced today that its board of directors authorized the purchase of up to 75,000 shares of the corporation's common stock on the open market over the next year. This authorization continues Joslyn's stock repurchase program instituted in 1980.
 The shares will be used for contributions to the Joslyn employees' savings and profit sharing plan, issuance upon the exercise of employee stock options and general corporate purposes.
 Joslyn currently has 4,709,000 common shares outstanding.
 Joslyn Corp., now in its 89th year, provides diversified products and services primarily to the electric utility, telecommunications, defense and industrial markets. Joslyn also manufactures equipment for the following industries: aerospace, building construction and petrochemical. It has 1,900 employees and operates facilities in the United States and Canada. Joslyn has declared 303 dividends and 214 consecutive dividends on its common stock.
 -0- 12/11/91
 /CONTACT: W.M. Koprowski of Joslyn, 312-454-2900/
 (JOSL) CO: Joslyn Corp. ST: Illinois IN: SU:


CK -- NY059 -- 1526 12/11/91 13:52 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 11, 1991
Words:180
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