BW1481 MAY 26,1998 11:47 PACIFIC 14:47 EASTERN
( BW)(NS-GROUP)(NSS) NS Group, Inc. Announces Stock Buyback
Business Editors
NEWPORT, Ky.--(BUSINESS WIRE)--May 26, 1998--NS Group, Inc. announced today that it has purchased 452,400 shares of its common stock in open market and block transactions during the period between April 25, 1998 and May 22, 1998. Including these purchases, the Company has purchased a total of 777,000 shares pursuant to the Board of Directors' authorization to purchase up to one million shares of the Company's common stock during a twelve month period expiring in December 1998. The repurchased shares will be available to fund stock option plan requirements as well as for general corporate purposes.
NS Group, Inc. is a holding company that owns three operating subsidiaries: Newport Steel Corporation, a manufacturer of welded tubular steel products and hot rolled coils; Koppel Steel Corporation, a manufacturer of seamless tubular steel products and special bar quality products; and Imperial Adhesives, Inc., a manufacturer of industrial adhesives products. NS Group, Inc.'s common stock (symbol: NSS) is traded on the New York Stock Exchange.
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CONTACT: NS Group Inc., Newport
Clifford R. Borland, 606/292-6809
KEYWORD: KENTUCKY OHIO
INDUSTRY KEYWORD: MINING/METALS
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