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Article: Dixon Ticonderoga Announces Repurchase Plan.
- Article from:
- PR Newswire
- Article date:
- March 24, 1999
CopyrightCOPYRIGHT 1999 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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HEATHROW, Fla., March 24 /PRNewswire/ -- The Board of Directors of Dixon Ticonderoga Company (Amex: DXT) authorized the Company to repurchase up to $3,000,000 in value of its common stock in accordance with applicable federal and state securities laws.
Commenting on the Board's action, Dixon Ticonderoga Chairman, Gino N. Pala, said:
"We believe that there is no fundamental explanation for the recent drop in our shares and that it is undervalued at its current selling price. We also believe that the purchase by the Company of its own shares will increase earnings per share and be a good investment for our shareholders."
Dixon Ticonderoga ...