Federal Screw to Repurchase Shares
December 05
00:00
2003
Federal Screw to Repurchase Shares
Jason Sandefur
Federal Screw Works authorized the repurchase of up to 185,000 shares � about 13% of outstanding common stock. The company�s board of directors said the program will bring St-Clair Shores, MI-based Federal Screw into compliance with NASDAQ�s Controlled Company exemption from certain new director independence and board committee requirements. The cost of the repurchase was not disclosed. Web: federalscrew.com �2003 FastenerNews.com
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