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METHODE ELECTRONICS AUTHORIZES $5,000,000 BUY BACK PROGRAM

 METHODE ELECTRONICS AUTHORIZES $5,000,000 BUY BACK PROGRAM
 CHICAGO, Dec. 20 /PRNewswire/ -- Methode Electronics, Inc. (NASDAQ: METH) announced today that Methode's board of directors has authorized a common stock repurchase program. "At recent price levels, we believe Methode's stock represents an attractive investment opportunity for the company," said William J. McGinley, Methode's president.
 The board has not set a target number of shares. Instead, the board has authorized the expenditure of up to $5,000,000 on the stock repurchase program over a two-year period. The stock repurchase program authorizes the company to make purchases of Class A common stock and Class B common stock from time to time on the open market or through privately negotiated transactions. The purchased common shares will be added to the company's treasury shares. Methode Electronics, Inc., on Dec. 5, 1991, had outstanding approximately 10,045,000 and 1,313,000 shares of Class A and Class B common stock, respectively.
 Methode Electronics, Inc., headquartered in Chicago, Ill., is a manufacturer of component devices for sales to original equipment manufacturers of electrical and electronic apparatus, instruments and systems.
 -0- 12/20/91
 /CONTACT: Kevin Hayes, vice president & treasurer of Method, 708-867-9600; or Eugene Lyman of E.W. Lyman Associates, 312-944-0430, for Methode Electronics/
 (METH) CO: Methode Electronics, Inc. ST: Illinois IN: CPR SU:


JT -- NY043 -- 4372 12/20/91 12:22 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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