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MINNTECH CORPORATION ANNOUNCES STOCK REPURCHASE PLAN

 MINNTECH CORPORATION ANNOUNCES STOCK REPURCHASE PLAN
 MINNEAPOLIS, Oct. 12 /PRNewswire/ -- Minntech Corporation


(NASDAQ: MNTX) announced today that its board of directors has authorized the company to repurchase up to 200,000 shares of its common stock, or approximately 3.3 percent of the company's currently outstanding shares, from time to time in market transactions. The company currently has 5,994,603 shares outstanding. The repurchase plan was authorized by the company's board of directors based on the belief that the company's common stock is undervalued at current market levels and would represent a good investment for the company at these levels. Any such stock purchases will be financed through available company cash.
 Minntech Corporation is a leading medical device manufacturer with advanced technology in electronics, solutions, fibers and plastics. The company's core technologies are being applied to the businesses of dialysis, reprocessing/sterilants, cardiosurgery and water purification. Minntech Corporation's common stock is traded on the National Over-The- Counter market under the NASDAQ symbol: MNTX.
 -0- 10/12/92
 /CONTACT: Robert M. Rosner, executive vice president and treasurer of Minntech, 612-553-3300/
 (MNTX) CO: Minntech Corporation ST: Minnesota IN: MTC SU:


AL -- MN012 -- 8926 10/12/92 15:37 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
Words:198
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