GREENVILLE, S.C. (Feb. 29)—JPS Industries Inc.´s Board of Directors has announced an initiative to repurchase up to $8 million of the firm´s outstanding common stock. Transactions will be conducted both publically and privately, with timing, prices and number of shares purchased contingent upon market conditions, JPS said. As of Feb. 29, JPS reported 10 million shares outstanding.
JPS announces stock repurchase plan
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