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Non-Tech : AZTAR ( AZR )
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To: T Pat who wrote ()12/9/1999 2:01:00 PM
From: Paul Lee   of 161
 
Aztar Corporation Announces Expansion of Stock Repurchase Program

PHOENIX, Dec. 9 /PRNewswire/ -- Aztar Corporation (NYSE: AZR) announced today that its board of directors has expanded its authorization to make discretionary repurchases of Aztar common stock. Under this new authorization, management may purchase up to 4.5 million shares, or about ten percent of the common stock currently outstanding, in addition to amounts previously authorized. Aztar has already purchased approximately 3.2 million shares of the 3.5 million shares authorized for repurchase in a program that was begun in May 1999. The purchases made so far were at prices ranging from $6.69 per share to $11.00 per share at an average price of $9.46 per share. All purchases under Aztar's stock repurchase program may be made from time to time in the open market or privately negotiated transactions, depending upon market prices and other business factors.
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