APCO Automobile Protection Company Message Board

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Non-Tech : APCO Automobile Protection Company

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To: Dave H who wrote (576)	12/18/1997 9:39:00 AM
From: Tim Oliver	Read Replies (1) of 3351

If you like APCO, you may want to check out AGCO..... Thursday December 18, 8:01 am Eastern Time Agco sets $150 mln stock buyback ATLANTA, Dec 18 (Reuters) - AGCO Corp said Thursday its board had authorized a buyback of up to $150 million of its outstanding common stock. ''Our board of directors is confident in the future growth prospects of AGCO,'' Chairman, President and Chief Executive Officer Robert Ratliff said. The purchases will be made through open market transactions, and the timing and actual number of shares purchased will depend on a variety of factors such as price and other market conditions, the agricultural equipment maker said in a news release. ''Based on the current market value of AGCO stock, repurchasing shares is an excellent investment,'' Ratliff said. ''This share repurchase will not impact our ability to take advantage of acquisition opportunities which may arise in the near future.''

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