|
|
Article: Royal Appliance Mfg. Co. to Continue Stock Repurchase Program
- Article from:
- PR Newswire
- Article date:
- September 1, 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)
|
CLEVELAND, Sept. 1 /PRNewswire/ -- Royal Appliance Mfg. Co. (NYSE: RAM), maker of the Dirt Devil(R) floorcare products, announced today that it intends to continue repurchasing stock, under its previously announced 2.3 million share repurchase program, in the open market from time to time subject to market conditions and economic factors. To date the Company has repurchased approximately 1.5 million shares under this program.
The Company develops, assembles, and markets floorcare and other cleaning appliances for home and commercial use under the Dirt Devil(R) and Royal(R) brand names. The Company's executive offices are located at 650 Alpha Drive, Cleveland, Ohio ...