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Article: Braskem Announces Share Buy-Back.
- Article from:
- PR Newswire Europe
- Article date:
- May 4, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAO PAULO, Brazil, May 4 /PRNewswire/ --
BRASKEM S.A. (BOVESPA: BRKM5; NYSE: BAK; LATIBEX: XBRK) leader in the thermoplastic resins segment in Latin America and one of the three largest Brazilian privately-owned industrial companies, announces that, as in light of its current share prices, Braskem's board of directors authorized its management to implement a buy-back program to repurchase common and class "A" preferred shares in accordance with the terms of CVM Instruction No. 10/80, as follows:
- Purpose: the purchase of Braskem's common and class "A" preferred
shares to be held in treasury and subsequently resold or cancelled,
without ...