|
|
Article: Hollinger International Announces an Increase in Its Share Repurchase Program
- Article from:
- PR Newswire
- Article date:
- August 19, 1998
CopyrightCOPYRIGHT 1998 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)
|
CHICAGO, Aug. 19 /PRNewswire/ -- Hollinger International Inc. (NYSE: HLR) announces that it has increased the size of its share repurchase program to cover repurchases of up to an additional $100 million of its Class A Common Stock from time to time. Under the Company's existing share repurchase program, announced in the first quarter of 1997, the Company has already repurchased approximately 1.4 million of the three million shares initially targeted.
Share repurchases under the program may be made through open market purchases, privately-negotiated transactions, swaps, forward purchase contracts and other transactions. Any such repurchases will be made in ...