Printer Friendly

JOSLYN CORP. BOARD AUTHORIZES PURCHASE OF COMPANY COMMON STOCK

 CHICAGO, Dec. 8 /PRNewswire/ -- Joslyn Corp. (NASDAQ-NMS: JOSL) announced today that its board of directors authorized the purchase of up to 50,000 shares of the corporation's common stock on the open market in 1994. 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 7,104,000 common shares outstanding.
 Joslyn Corp., now in its 91st 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 approximately 2,000 employees and operates facilities in the United States and Canada. Joslyn has declared 311 dividends and 222 consecutive dividends on its common stock. Shares are traded over the counter. Joslyn stock is listed on the NASDAQ National Market System. NASDAQ symbol is JOSL.
 -0- 12/8/93
 /CONTACT: William J. Rotenberry of Joslyn, 312-454-2900/
 (JOSL)


CO: Joslyn Corp. ST: Illinois IN: TLS SU:

CK -- NY068 -- 1777 12/08/93 12:41 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:Dec 8, 1993
Words:194
Previous Article:UNITED AIRLINES ENTERS MARKETING AGREEMENT WITH THAI AIRWAYS
Next Article:MONTGOMERY WARD ANNOUNCES DIVERSIFICATION INITIATIVES
Topics:

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