Jarden to buy back shares
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- November
- 8
Jarden Corp., the Rye-based company that markets Bicycle playing cards, Mr. Coffee machines and Rawlings sporting goods, said its board has approved the repurchase of up to $100 million worth of shares stock.
The company had 77.6 million outstanding shares as of Oct. 29.
Martin E. Franklin, the chairman and chief executive of Jarden, said in a statement released by the company: “We seek ways to enhance shareholder value wherever they may be found.
We believe opportunistically acquiring shares of the Company is consistent with that goal.”
The shares were trading at $28.96, up $1.06, at 9:50 a.m.
This entry was posted
on Thursday, November 8th, 2007 at 11:15 am by Allan Drury.
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