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Non-Tech : Marvel Enterprises (NYSE)

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To: stockid who started this subject7/12/2004 8:19:28 AM
From: stockamaniac  Read Replies (1) of 540
 
$100 million stock buyback announced

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Reuters
Marvel board approves $100 million share buyback
Monday July 12, 6:39 am ET

NEW YORK, July 12 (Reuters) - Comic book publisher Marvel Enterprises Inc. (NYSE:MVL - News) said on Monday its board had approved the repurchase of $100 million worth of its common stock.
Marvel said the approval follows its redemption last month of the company's remaining long-term debt, freeing it to consider stock buybacks as one use for current cash holdings and future cash flows.
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